Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.88

-0.3%

Jan 30 4:00 PM EST

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To: Johnny Canuck who wrote (32383)	5/21/2001 1:53:36 PM
From: Johnny Canuck	Read Replies (1) of 70281

11:16 ET Sector Watch: Software : Index in position for a run to a new recovery high with VRTS (+7.2%), ITWO (+6%), BEAS (+5.2%) and CHKP (+5%) pacing the way. Momentum favorite CHKP is again testing a key technical barrier near 60 (50 day moving average/late April lows) which stymied the bulls last week. Technicals are lined up for a break with such a development targeting resistance at 63.

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