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Strategies & Market Trends : Sharck Soup

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To: Sharck who wrote (36882)	10/30/2001 9:49:44 AM
From: StormRider	Read Replies (1) of 37746

09:48 ET Nasdaq Composite : -- Technical -- Gaps lower off the open an in the process takes out both its 20 exp and 50 simple moving averages (1685/1680). This will provide resistance as the market begins the stabilization process with a secondary resistance barrier in the 1700/1705 area. Failure exposes next support in the 1660/1650 congestion area.

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