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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	3/28/2001 11:38:11 AM
From: besttrader	of 37746

11:30 ET Dow -227, Nasdaq -83, S&P -29.02: [BRIEFING.COM] Sell pressure on the Nasdaq is extreme at this point. Declining volume now represents 95% of total volume with a miniscule 5% of total volume trading higher. Decliners lead advancers 3 to 1 which means the negative issues are down big. The index remains within a band of support though lower than the 1900 level previously identified. A decisive break below 1887 would likely lead the index to at least the 1830 level over the next few days. Broad market internals are also poor but indicate more orderly activity than the Nasdaq. Big Board decliners lead advancers by 2 to 1 and decline/advance volume is consistent at 2 to 1 as well. DJTA -1.5%... DJUA -1.6%... SOX -3.6%... XOI -1.4%... BTK -2.8%... Nasdaq 100 -5.4%... S&P Midcap 400 -2.0%... Russell 2000 -1.9%... NYSE Adv/Dec 855/1933... Nasdaq Adv/Dec 868/2350.

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