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ajtj99

02/05/03 4:48 PM

#72653 RE: wahz #72647

Basically, you're playing support/resistance (or the Box). Resistance is the 13-EMA on the NDX and support is 960 NDX and the trendline that is dropping 4-points a day, currently at about 952 at the open tomorrow.
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wahz

02/06/03 10:01 AM

#72886 RE: wahz #72647

I am sure everyone can see that it appears the nasdaq wants to fall hard here. A prudent long might stand aside. Because I am looking out more than a few days, I will stand by the qqq buy at 23.91, although my indicator is tilting back and forth at this crossroads.

So short term conservative folks might want to stand aside. I am going to stand pat and take my lumps, and I will be gone for the rest of the day.