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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/17/2001 11:33:08 AM
From: besttrader	of 37746

The triple Qs remain mired in the channel between $49.43 and $43.40. Today's move tried to boost the Nasdaq-100 through the congestion area, but with no luck. Software and Biotechnology are leading the charge. Peoplesoft (PSFT), Veritas (VRTS), and Adobe (ADBE) are all up over $1.5, and Amgen (AMGN) and Maxim (MXIM) are up $1. Noticeably missing from the top of the list are the big caps like Microsoft (MSFT) and Intel (INTC). The Nasdaq-100 is going to need the support of the big names to break out of the channel.

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