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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (416)	12/14/2000 10:56:24 PM
From: bobby is sleepless in seattle	Read Replies (1) \| Respond to of 5732

<Nasdaq: Resistance: 3000, but that seems far away at this point. 3100 to 3200 is resistance as well. After that, 3525 to 3535. Support: 2700, the gap point, is struggling to hold, and we don't think it will in the morning. If not, 2600 looks like support. Below that is 2500, then 2000 to 2200.> agreed...3000 has shown itself as more than psychological resistance, now gaining solid footing as I had thought 3200 area was stronger resistance area, 3100 having v type patterns serving as monor resistnace. agree with 2700, tho 2750 was stronger pivot (provided a nice Waldo trade today). I maintain 2200 as highly likely to be visited. Disagree with 3000 being so far away as we know it takes only a day or two to cover 300-400 points! What if the feds cut rates? could have another pop to resistance levels! But i won't hang my hat on that possibility.