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Strategies & Market Trends : Sharck Soup

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To: U Up U Down who wrote (33211)	8/20/2001 10:41:39 AM
From: StormRider	of 37746

10:38 ET Nasdaq Composite : -- Technical -- Index holding in relatively well to this point in the session. Market internals are neutral to slightly positive with advancers taking in more than their fair share of total volume. To the downside, look for support in the area of 1850/1855 which represents an area of prior congestion, a gap open of 1.7% off its April 10 close and also brackets today's intraday low. To the upside, watch for resistance in the band of 1879/1886 which represents an area of prior support, a 62% retracement of the Spring rally and its 20-day simple moving average.

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