MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: bruceleroy1_- who wrote (10359)	2/14/2002 2:14:13 PM
From: bruceleroy1_-	Read Replies (1) of 19219

Dow +33, Nasdaq +3, S&P +1.00 : [BRIEFING.COM] Indices have come off their highs; pullback has coincided with a pullback in the SOX Index and a headline that S&P has lowered its ratings on Qwest's (Q -1.03) corporate credit to 'BBB' with a negative outlook... Overall, though, the trading action has been pretty lackluster today with neither buyers nor sellers showing much conviction... Would note that total volume is on the light side of things with Nasdaq volume having just topped 1.0 bln shares in the past half hour... On a heavy day, Nasdaq volume would generally be pretty close to, if not above, 1.0 bln around 12:00 ET... SOX +0.4%... NDX +0.5%...

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