Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 60.67

-1.5%

Jan 26 4:00 PM EST

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To: Rich1 who wrote (1606)	3/4/2002 12:38:43 PM
From: Ted Downs	Read Replies (1) of 208085

11:10 ET Dow edges above 10,500 : -- Technical -- The blue chip index is currently trading towards its best levels of the session just over 10,500. Index appears to have resistance in the area of 10,510/10,522 which represents chart congestion and also brackets the upper end of its 10-day Bollinger bands at 10,520. If it should break higher, look for subsequent levels of resistance at 10,550 and 10,610 which marks its July high. Note that the index has blown through the upper end of its 10-day Bollinger bands at 10,401 which is a bullish signal on an intermediate-term basis Briefing also esimated 2.4 billion for nasdaq today at this rate. Ted

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