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

To: bramble88 who wrote (23915)	1/30/2003 11:00:27 AM
From: 2MAR$	Read Replies (1) \| Respond to of 57110

Intraday action remains swift After a fresh push to fresh session highs only moments ago, the Dow (-5) has quickly moved into the red. Index laggards this morning include DIS -1.8%, HPQ -1.5%, INTC -1.2%, KO -1%. Providing leadership within the Dow are retailers WMT +1.3% and HD +1%. 10:54 ET Nasdaq holds modestly negative -- Technical -- Index holds modestly negative in the early going -- continue to look for the 1360 area to serve as an intraday pivot point. To the upside, watch for initial resistance at congestion around 1367 to 1370 followed by additional overhead at 1380 which represents both the index' 20-week exponential moving average and its 20-day exponential moving average. To the downside, look for support in the range of 1347 to 1350 which is followed by modest support at 1442. For a more detailed account of the current technical outlook please click here.