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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/3/2001 5:12:50 PM
From: besttrader	of 37746

Earlier news --> 15:31 ET Dell Computer (DELL) 24.75 -1.98 (-7.4%): -- Update -- Technical -- Has broken below its 50 day simple ma near 25 today. This support level has held on a closing basis on repeated tests over more than a month. Initial short term support is in the 23.50/23.37 area (trendline off Dec/Mar low and bottom of April 05 gap). 15:19 ET Sector Watch: Oil Service : -- Technical -- Highlighted yesterday the OSX test of an important floor in the 123/122 (20/50/100/200 simple ma) area. Did penetrate but held at the 119 target today and is now back retesting the above area as resistance. Sustained action above needed to stem the short term negative tide.

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