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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (15007)	12/3/2002 11:08:21 AM
From: Techplayer	Read Replies (1) \| Respond to of 57110

10:01 ET Nasdaq sells off to session lows : -- Technical -- Index currently testing near-term support at 1,461. On a break lower, look for additional support in the range of 1,448 to 1,452 and another level close by at 1,444. To the upside, look for overhead now in the area of congestion at 1,467 to 1,470. That's followed by additional overhead at today's opening level at 1,475. Please click here for a more comprehensive assessment of the technical outlook. 10:45 ET New lows for S&P 500 : -- Technical -- After trading within a limited range near the morning's worst level, the S&P 500 has recently pushed to new session low. Thus far support at 922 (38% retrace of Nov rally) has held but will need to see a bounce off this area back through 926/927 to improve the intraday bias. Failure allows for a continuation of the downdraft with the next support of interest at 916/915.