VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (40354)	8/17/2001 11:44:30 AM
From: stockman_scott	Read Replies (1) of 65232

11:07 ET Nasdaq Composite : -- Technical -- Established a new pullback low but attempting to bounce after testing support mentioned in the 09:57 comment (1870/1868). While overextended on a very short term basis, will need to work through barriers at 1886 and 1892 (equates to roughly 38.45 QQQ and 1172 S&P futures) to help improve the intraday tone. Failure keeps the focus on the downside with 1850 (congestion, swing target) and 1845 (trendline off May/June/July lows) the next supports. ______________________________ BTW, how much of a cut do ya think Greenspeak will do? Why not one final .50 cut and say its all done...The market wants some sense of certainty that the economy has bottomed. Best Regards, Scott

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