Bullish Indications

verfasst von Bill, 26.02.2001, 16:57

Bullish Indications
Market popped, and is retracing now. Strong sign of an impending intraday rally. Watching for the higher low to form...

10:30 AM EST - The NASDAQ gapped up and has pulled back into the gap. This is a great sign for a higher low to form, probably at the 2,250 zone. If that happens, it will be the"ideal" time to go Long intraday. If we pull back through 2,225 we will need to wait a bit longer. The Dow and OEX are consolidating perfectly at the high - an extremely bullish sign. Watch the following carefully the next hour:
DOW - Break of 10,470 (early) 10,500 (confirmed)

NAS - Higher low formed around 2,230 to 2,250.

OEX - Break of 643 (early) 647 (confirmed)

To the downside, the following levels are important:

Dow - 10,435

NAS - 2,225

OEX - 637

We will continue watching for major breaks, and will advise.


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• Bullish Indications - Bill, 26.02.2001, 16:57