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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: James F. Hopkins who wrote (9103)10/22/2001 12:19:08 PM
From: stockman_scott  Read Replies (3) of 19219
 
11:52 ET Sector Watch: Semiconductor : -- Technical -- This group is a big contributor to the broader market positive bias as the SOX is posting a 3.3% intraday gain. Currently trading at 438, look for initial overhead around its intraday high of 444 -- that level is followed by more important open/close resistance at 452. To the downside, look for initial support at 434 which represents its 20-day exponential moving average. That level is followed up by additional open/close support in the area of 428
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