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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject4/30/2001 3:00:32 PM
From: besttrader  Read Replies (1) of 37746
 
Looks like DOW and NAZ fall hand in hand -->

14:35 ET Dow -24, Nasdaq +48, S&P +1.66: [BRIEFING.COM] The Dow has sold off in early afternoon trading which has weighed
mildly on the Nasdaq and S&P 500. Over the past week, the blue chip index had been quietly approaching the 11,000 level and it looks as
if 10,900 may have been a technical sell point. This raises the question of whether the Nasdaq is likely to move "with" or "counter to" the
Dow. Frequently during the last bull market the indices had a tendency to run counter to each other. So investors will watch for how a drop
on the Dow impacts the Nasdaq. Specifically, does the sentiment shift on the Dow spill over to the Nasdaq or does the drop in the Dow
represent the opportunity for asset rotation to tech. DJTA -1.0%... DJUA +0.3%... SOX +4.7%... XOI -0.3%... BTK +4.2%... Nasdaq
100 +3.5%... S&P Midcap 400 +1.2%... Russell 2000 +0.8%... NYSE Adv/Dec 1787/1182... Nasdaq Adv/Dec 2451/1337.
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