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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject7/6/2001 9:58:43 AM
From: besttrader   of 37746
 
09:50 ET Nasdaq Composite : -- Technical -- Has broken through an initial support zone and is now flirting with a trendline off the April/June lows near 2045. While the market is oversold on a short term basis, the index needs to build value back above it early this morning or the door will remain open for a downside extension to supports near 2030/2025 and 2017 (June 26 low). First resistance on a recovery is at 2060 followed by 2075.
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