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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/23/2001 1:33:37 PM
From: besttrader	of 37746

13:29 ET Nortel Networks (NT) 15.40 -0.20 (-1.3%): -- Update -- According to traders, Reuters reporting that Nortel CEO sees market recovering in 6-12 months, but that company is not prepared to give guidance at this point. 13:27 ET Amgen (AMGN) 64.90 -1.90 (-2%): -- Technical -- Overall weakness limited but AMGN has broken below its 200 day simple ma (65.40) while holding a deeply overbought posture. A sustained penetration of the moving average suggests potential for further near term weakness. Next support is at the early May range top in the 63/62.5 area.

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