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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject5/31/2001 11:05:07 AM
From: besttrader  Read Replies (1) of 37746
 
11:04 ET Nasdaq Composite : -- Technical -- Holding on to modest gains, which in the face of several cautious pre-open comments, is a positive. However, the pattern of the turnaround off yesterday's low, the accompanying modest volume on today's bounce and the recent failure at a relatively minor ceiling raise questions regarding the ability to sustain the upside momentum. If the negative bias resumes the index would run into a solid support in the 2057/2052 area.
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