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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (26737)6/8/2001 11:27:18 AM
From: StormRider  Read Replies (1) | Respond to of 37746
 
11:00 ET Nasdaq Composite : -- Technical -- Very limited trading at modestly lower levels.
Unfortunately, the index has pushed back below a trendline off the Jan/May highs (roughly 2240 today).
Given the 9% advance in a little more than a week some type of correction was due. Short term support
is at 2205 with a retracement barrier (38%) of the recent surge at 2192. A sustained breach of the
trendline initially targets the 2280 area followed by the recovery high at 2328.

btw, i agree, great call knight!



To: Tom Hua who wrote (26737)6/8/2001 11:32:01 AM
From: besttrader  Respond to of 37746
 
Yesterday SOX had a HUGE candle. Those usually correct.



To: Tom Hua who wrote (26737)6/8/2001 11:42:39 AM
From: Wes Stevens  Read Replies (3) | Respond to of 37746
 
Tom I disagree with you. The call last night was not a good one. The futures were growing all morning long till the jnpr news. At the time the news hit naz futures were up 37 points.

If it wasn't for jnpr this market would be soaring today.


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