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To: LTK007 who wrote (5369)3/7/2003 3:01:24 PM
From: Softechie  Read Replies (1) | Respond to of 11447
 
Stock Bears Baring Teeth

A Friday close of the Nasdaq Composite below 1317.78 will be a technical
breakdown on the weekly chart. If that happens, then keep an eye on the Friday
intraday lows so far.

The Nasdaq bounced Friday morning at 1278.35 support. And the Dow Jones
Industrial Average bounced after testing 7579.70 support. When those numbers
are taken out, then last October's lows - 7197.49 for the DJIA and 1108.49 for
the Nasdaq - will be vulnerable.

For more technical analysis see: Dow Jones Newswires, N/DJTA; Telerate, page
4073; Bloomberg, NI DJTA; and Reuters key word search "Charting Markets."
-By Stephen Cox, Dow Jones Newswires; 201-938-2064; stephen.cox@dowjones.com
(Stephen Cox, a chartered market technician, is chief technician for Dow
Jones Newswires.)
(Data by CSI, Commodity Research Bureau)

(END) Dow Jones Newswires
03-07-03 1200ET