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You are looking at the Nasdaq 100 and here is a
look at the composite. Both charts look about the same. I had 1410
as a price objective and it is offering resistance as it should. The
composite can take a 30 point hit and still be in an up mode. I currently
have price objectives of 1480 and 1550. That doesn't mean you can't trade
contra trend, but until my stop is hit the pricing pressure is still
higher. So look for the retracement and then the next leg up for
now. That is my current opinion good trading. Ira.
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To: <A title=realtraders@xxxxxxxxxxxxxxx
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Cc: <A title=vdonovan@xxxxxxxxxxxxx
href="mailto:vdonovan@xxxxxxxxxxxxx";>Vincent DONOVAN ; <A
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Sent: Sunday, November 17, 2002 2:56
PM
Subject: [RT] nasdaq
Hello
adding fuel to the fire is my market
barometer,,
it look at the health of the technicals and sums them
up,
it shows a definite bearish divergence,
top chart is NDX and bottom is the
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