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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: Suresh who wrote (25057)	2/4/2000 3:28:00 PM
From: Johnny Canuck	Read Replies (3) of 68173

Hi Suresh, The price action on NEWP today is amazing. This is a reaction to the GLW news about their aggressive expansion plans I think. Amazing what a small float can do.<g> Funny how VECO and CVCI is not participating. They are too low on the radar I guess. Do you know anything about COHR's optical manufacturing equipment capabilities? I saw them mentioned on another thread. I don't know much about them. APAT having an incredible run here too. JNPR, SCMR, RBAK, JDSU, ETEK, GLW, SDLI all running up in sympathy with the AVNX IPO I suppose. It looks the the COMPX is within a few point of the old high. I noticed the SPX has stalled all day around 1430, so there is some indecision in the overall market. Have you initiated new short positions yet?

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