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Strategies & Market Trends : Sharck Soup

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To: StormRider who wrote (24436)	5/23/2001 10:39:30 AM
From: StormRider	of 37746

10:37 ET Nasdaq Composite : -- Technical -- Extends the initial downdraft to support at 2265. This has held temporarily but index needs to recover back through the 2291 area to suggest that the short term correction has been completed. Failure exposes next support in the 2255/2250 area. It takes additional losses back below the initial recovery high from April at 2232 to inflict any important chart damage.

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