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To: Susan Saline who wrote (25021)	10/11/2000 2:23:14 PM
From: E.J. Neitz Jr	Respond to of 53068

S&P Update WEDNESDAY, 10/11/00 INTRADAY COMMENTS: --- 2:09 pm EDT - I have just made a rough projection for the end of day total trading volume for the NASDAQ for today: that projection is 2.46 billion, which looks like it will satisfy my need to see at least 2.2 billion shares on the day. /Cherney --- 1:47 pm EDT - The post-lunch retracement in the NASDAQ appears to have found buying support at 3210.19, just above anticipated support in the 3209-3192 area, that's a positive. Intraday indicators are currently in configurations which precede an upleg. Immediate NASDAQ resistance is 3226-3242, but resistance are stacvked so the next layer begins right at 3242 and runs through 3312, there is a focus within this resistance in the 3242-3273. - This has been a wild day and certainly some of the action is due exclusively to short-term traders, therefore, a break below 3189 would not be welcome because it would represent a an intraday "give-up" point for the hot money which would sell. ---