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Strategies & Market Trends : Galapagos Islands

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To: Oral Roberts who wrote (14069)	11/22/2002 9:14:23 AM
From: Techplayer	Read Replies (1) of 57110

OR, Good point OR> .73 has to be one of the lowest since the end of the first recession. Looks like it is OK for the RPT to let 40 points go. 09:00 ET Nasdaq Composite short term levels : -- Technical -- Early focus is on the downside with tech underperforming (downgrades weak book-to-bill). Initial support for the index (close 1467) is in the 1450 area followed by 1445 and the 1438/1435 area. Modest pullback after a two day greater than 7% surge inflicts no short term damage as long as the breakout point (1425) is not taken out. And from Smart money: Breaking News Reality Check Threatens Tech Gains By Igor Greenwald November 22, 2002 More Breaking News AFTER INFLATING 93 points in two days to a new five-month high, the Nasdaq was developing a slow leak on Friday as one tech after another punctured the premise that rally was based on improving business prospects.

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