[CANSLIM] Nasdaq channel and QQQ 50dma

From: "Pritish Shah" <pshah@lason.com>
Subject: [CANSLIM] Nasdaq channel and QQQ 50dma
Date: Mon, 21 Jul 2003 13:15:57 -0400

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Hi,

It seems to me that Nasdaq is nearing the bottom of the channel (around =
1675). I also noticed that QQQ is nearing its 50dma of 29.99 (still around =
0.60 away from it). The volume action is iffy.

I also noticed that today IXIC bounced from the 1675 range. I have a =
feeling that next few days are going to be the indicator to where the =
market is going to head in the short run.

What do you all think?

Pritish


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