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To: Didi who started this subject	8/9/2000 5:31:53 PM
From: Didi	of 1115

IBD: "Nasdaq Sees Distribution" + S&P: "Sideways Likely"... IBD: investors.com S&P: personalwealth.com --------------------------------------------------------- >>>Cherney on the Markets Wednesday August 09, 2000 (4:44 pm ET) Sideways Likely By Paul Cherney, S&P Market Analyst NEW YORK, Aug. 09 (Standard & Poor's) - Cisco Systems (CSCO) revenue growth should have been enough to get this market moving decidedly higher. Since it didn't, I would be more inclined to expect sideways to lower prices for a couple of trade days. This applies to the S&P 500 as well. Immediate NASDAQ resistance is 3872-3902 then 3921-3954. The index is testing immediate support in the 3861-3840 area. Next support is 3822-3795. The S&P 500 has overlapping supports: 1463-1450 and 1454-1430 (which makes 1454-1450 a focus of support). Immediate resistance begins with any print above 1488. <<<

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