By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 9:52 AM ET Jan 24, 2001 NewsWatch
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NEW YORK (CBS.MW) - Equity prices checked in with modest gains Wednesday, with strength emerging in the tech arena as investors focused on positive earnings news and chose to dismiss negative news.
"The Nasdaq is inching its way towards the first level of significant resistance at the 3,000 level. This area has been a previous turning point for the market in both directions. It'll probably take some time for the Nasdaq to work through [this barrier] with more of the same kind of choppy action in the process. A break through 3,000 would be bullish to the next target of 3,500 and would also help to improve the trend for the longer term," said Robert Dickey, Dain Rauscher's chief technical strategist.
"For the Dow, the 11,000 level carries the same amount of significance as 3,000 does for the Nasdaq. The next two weeks will likely see both indices challenge these important resistance levels," Dickey concluded.
..und wenn wir darüber steigen!? Ich bin massiv investiert.
Gruß black elk
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