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

To: Bob Biersack who wrote (3554)	11/2/2001 10:19:53 AM
From: Susan G	Read Replies (2) \| Respond to of 26752

10:10 ET Nasdaq Composite : -- Technical -- Despite the weaker A/D line, the index was able to extend the week's late recovery due to continued strength in the semi sector before slipping. This group once again will be the key. The concern, however, is that the SOX index has surged 14.7% off Tuesday's low. As for the Nasdaq Composite, it has been stymied by resistance in the 1754/1759 area (Oct 17 high and trendline). Need to see a recovery back through resistances 1738 and 1746 this morning to help neutralize the current dip. Initial support in the 1729/1725 with a more important floor at 1720. from briefing, the TA experts <G>