SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Technical analysis for shorts & longs
SPY 679.68+0.7%Nov 26 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: d. alexander who wrote (24834)1/18/2000 10:44:00 PM
From: Johnny Canuck  Read Replies (2) of 68357
 
Dorothy,

>>Seems that Dow & SPX roll over & Naz chugs along "behind" making a
>>new high

There was a time when they did not trade out of synchronization for long. This current period is very unusual and potentially hazardous down the road if we correct.

>>CIEN

CIEN does not look too bad here.

500K in block buys
150K in block sells
4 million total volume.

It may be ready to rest, but there is very little block selling going on. It is worth buying on pull backs. It should get some help to the up side from JNPR. They are profitable a lot quicker that anyone thought. MRVC is going along for the ride due to the fact Optical Access a company they hold an equity position in is a supplier to JNPR. I posted in private a while back that the perception on MRVC had changed. It is being considerd an optical access company when in reality it is not. It started as a gigabyte ethernet company, but has equity positions in a fiber channel company, an optical sub-system company and a telecommunication software company. An analyst said the Optical Access equity position was worth 25 dollars a share when it goes public. I don't currently have a position, but it should still have some upside down the road.

>>Never did find the clipboard viewer,

I was looking for a screen snapshot program on the weekend. I used to have one for Windows 3.11, but it does not work in Windows 95/98. If I find it I will post it. It lets you take a screen shot of a portion of the screen.

>>BTW what software are you looking at?

It is my own watch list. The group was up about 5.5 percent on a day when the Optical group was up 8 percent and telecom flat. So not a bad day. The individual stocks were mixed, but the group together was strong. IFMX is showing some life here. Earnings are Jan 26 I think. I need to confirm. It still like this stock as a value play. The law suit is settled and if they can execute their internet strategy they should take on a higher valuation. They have a pool of highly trained programmers and in this job market place that means a lot.

>>2 standard deviations

You can get that by using an envelope with setting 20 in the TC2000 program if they have not changed the indicators. 20 should be the second variable after the average setting that you need to enter. That gives you a fixed envelope of 2 standard deviation by using data over a fixed time period to calculate the standard deviation.

Bollinger bands will give you a moving average of one or two standard deviations. Because it is an average it narrows when the volatility goes out of a stocks for a period of time (ie... trades a tight range for a while). This is unnatural for a stock so it will eventually break in one direction after a period of time.

What was in the Wall Street Journal this morning that worried you? I subscribe to the on-line version, but I find I have less and less time these days. I hardly get to hear a portion of the conference calls and read only a portion of the technical journals I used to early last year.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext