>>>I would like to see a climatic sell off which appears to break support on the Dow and shake out the lose hands. Then I see a rally attempt. hello, Mattie; I have a Clint's Basket portfolio which follows. Unfortunately it's in alphabetical order because I didn't know about the java button at that time. I think I took the cream (subjective) from each group.
Symbol Last Trade Change Volume ABOV Sep 8 37 3/16 0 0.00% 0 ADCT 4:01PM 39 9/16 +5/8 +1.61% 3,524,200 ALTR 4:01PM 43 1/2 -4 13/16 -9.96% 5,545,300 AMAT 4:01PM 78 7/8 -4 13/16 -5.75% 7,379,700 AMTD 4:01PM 18 9/16 +1/4 +1.37% 4,760,700 AMZN 4:01PM 62 1/4 -3 3/4 -5.68% 14,436,700 ATHM 4:01PM 36 3/16 -2 1/8 -5.55% 6,338,100 AWRE 4:00PM 34 +2 1/8 +6.67% 885,400 BEAM 4:01PM 18 -1 1/8 -5.88% 732,700 BMCS 4:01PM 65 -2 7/8 -4.24% 2,723,300 BRCM 4:01PM 106 11/16 -7 9/16 -6.62% 2,259,600 BVSN 4:01PM 124 13/16 -14 3/16 -10.21% 960,600 CMGI 4:01PM 81 3/4 -1 1/16 -1.28% 6,775,600 CNCX 4:00PM 19 9/16 -1 3/16 -5.72% 802,700 CNET 4:01PM 48 3/8 +5 7/16 +12.66% 8,344,700 COMS 4:01PM 26 3/8 -2 1/4 -7.86% 12,775,000 CREE 4:00PM 38 -2 -5.00% 508,900 CSCO 4:01PM 69 3/8 -2 7/8 -3.98% 19,393,300 DCLK 4:01PM 111 3/4 -7 1/8 -5.99% 4,616,000 DELL 4:01PM 43 -3 1/16 -6.65% 36,258,200 DNA 4:05PM 165 -1 -0.60% 250,800 EGRP 4:01PM 22 9/16 -1/2 -2.17% 6,327,400 ELNK 4:01PM 42 3/8 -1 1/8 -2.59% 3,102,500 ETEK 4:01PM 54 5/8 -5 1/8 -8.58% 253,600 EXDS 4:00PM 76 1/8 -3 7/8 -4.84% 4,274,800 FLEX 4:00PM 61 5/16 -1 9/16 -2.49% 1,485,800 GBLX 4:01PM 25 1/16 +11/16 +2.82% 22,091,600 GMST 4:00PM 69 9/16 +1 3/16 +1.74% 1,324,100 GNET 4:00PM 66 9/16 0 0.00% 1,555,400 HLIT 4:00PM 116 3/4 -5 1/2 -4.50% 469,100 INKT 4:01PM 131 -7 5/16 -5.29% 2,140,900 INSP 4:01PM 41 -1/2 -1.20% 1,026,300 INTC 4:01PM 77 1/2 -5 5/16 -6.42% 36,843,000 LVLT 4:01PM 54 7/16 -3 9/16 -6.14% 1,500,400 MMCN 4:00PM 30 9/16 -7/16 -1.41% 370,000 MSFT 4:01PM 91 3/16 -4 7/8 -5.07% 35,536,800 MSPG 4:01PM 27 3/8 -5 1/2 -16.73% 10,115,800 NITE 4:01PM 28 9/16 -1/2 -1.72% 3,792,200 NSOL 4:01PM 65 3/8 -3 3/8 -4.91% 531,500 NTBK 4:00PM 21 3/8 0 0.00% 1,172,600 NXTL 4:01PM 67 27/32 -3 21/32 -5.11% 4,165,800 PMCS 4:01PM 88 5/8 -11 3/16 -11.21% 5,253,100 PSIX 4:01PM 38 13/16 -1 5/16 -3.27% 1,246,300 QWST 4:01PM 28 3/16 -1 7/16 -4.85% 4,413,300 RATL 4:01PM 29 3/8 -2 -6.37% 1,000,500 RMBS 4:01PM 87 1/2 -2 3/4 -3.05% 990,400 RNWK 4:01PM 99 3/4 -3 5/8 -3.51% 2,992,900 STRM 4:00PM 38 -2 1/8 -5.30% 268,900 SUNW 4:01PM 89 5/8 -3 3/4 -4.02% 10,044,100 TQNT 4:01PM 60 7/8 -4 3/8 -6.70% 818,900 TXCC 4:01PM 60 -3 3/4 -5.88% 397,000 VERT 4:01PM 33 3/8 -1 9/16 -4.47% 917,200 VISX 4:01PM 86 5/8 -7 -7.48% 979,600 VRIO 4:01PM 29 5/16 -3/4 -2.49% 1,282,400 VRSN 4:01PM 105 -15/16 -0.88% 1,120,100 VRTS 4:01PM 76 7/8 -2 5/8 -3.30% 1,127,900 VTSS 4:01PM 89 7/8 -3 3/8 -3.62% 1,443,700 WCOM 4:01PM 78 1/2 -2 7/16 -3.01% 10,899,400 YHOO 4:01PM 173 3/4 -5 3/4 -3.20% 16,546,800
Wondering, with your experience, how this looks? A prelude to a selloff <g>?
Dow stopped today at old uptrend, & there is still the 200 just below. Also the SPX looks to have one old uptrend support before it gets to the neckline, which looks to be 1260. However,the Worden Report is of the opinion that the formation was consummated today, so my neckline reading may be a bit off :-)
Dorothy |