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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.68

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Nov 26 4:00 PM EST

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To: Johnny Canuck who wrote (24837)	1/19/2000 12:52:00 AM
From: shasta23	Read Replies (1) of 68364

HI HARRY! You said: 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 Right now i'm actually in self therapy to get rid of my bearish bias which cost me a lot in opportunity cost over the last 3 month. But when i look at some charts -hopefully with less bias - i actually get the feeling that quiet a few stocks are breaking. I just looked through the DOW charts and a lot of them don't show any signs of strength and the ones declining show no signs of bottom. Yes we can always put on a couple hundred points here and there but so far nothing on that front seems to indicate an upside explosion. The semis had there earnings run up but on another thread was posted that RFMD is down 8 in after hour trading after only making the first call estimate and not exceeding it. MOT had good earnings but it was selling the news time. A lot of the hot flying nets have pulled back dramatically and actually broken the uptrend lines so that we're either in consolidation or a downtrend has begun. In January still a lot of liquidity flows in the market and that keeps the whole thing up but that effect will wear off when the post earnings season new vacuum begins. I think we will see a good pull back then. 20-30DMA's are starting to roll over in a lot of charts. It's too early for something drastic but i think it's coming. But that could be my good ole perma bear bias...who knows! And for what it's worth...i miss CLINT's input in these situations! Take care. Stefan

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