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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (9833)	8/6/2001 10:33:56 AM
From: Sully-	Respond to of 208838

10:29 ET Nasdaq Composite : -- Technical -- To this point in the session, the index has held its near-term support at 2045. To the upside, its held under 2053 -- that leaves the index in a very tight 8-point range we identified last week as a congested area (2045/2053). If it should break lower, look for secondary support at 2031 which represents a prior pivot point as well as its 10-day simple moving average. If it should break higher, look for subsequent resistance at 2060 followed up by 2077/2085. The 2047 will also be a point of interest as it represents the Nasdaq's 100-day simple moving average.