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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (32917)	6/20/2001 10:24:03 AM
From: Return to Sender	Respond to of 70070

10:00AM: Upside progression the Nasdaq Composite has remained minimal but the index has staged a rather impressive turnaround in the wake of the slew of bearish news/comments. A solid performance in software and biotech stocks coupled with a push off the lows for a number of semiconductor issues have bolstered the turnaround. Before getting all worked up about the bounce, however, keep in mind that the index has to maintain the upside bias during the early pullback and build on the gains this afternoon. The Dow continues to outperform with gains in cyclical and interest rate sensitive issues providing a lift. Market internals have improved to a mixed posture. XOI -1.9%, DOT +1.1%, SOX -2.2%, NYSE Adv/Dec 1228/1130, Nasdaq Adv/Dec 1201/1470 You're right of course Clint but even if the recovery I feel is coming soon only puts the NASDAQ back at 2250 it will allow a swing trader ample opportunity for large profits. RtS