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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	4/23/2001 3:32:53 PM
From: besttrader	of 37746

Briefing.com is very bullish on the market --> The sell off today is occurring on light volume which mitigates its impact from a technical perspective. While the drop on the Nasdaq is severe, this past year has proven that volatility is the norm for the tech-heavy index. An extension of today's losses is certainly possible over the next few days but we believe the current sell wave represents consolidation in the midst of an uptrend rather than a continuation of the downtrend.

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