Controller/Action Cache question

So im reading up on this page: http://book.cakephp.org/view/346/Caching-in-the-Controller

I had a few questions.

1 - Does the $cacheAction only cache the html? Or does it also cache
the queried results alongside the html, so that it doesn't do another
query?

2 - And im assuming the <cake:nocache> works for the method above?
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