*TO ALL* WCOM and Market update.
Message 13382410
Thanks Jakob.
You have to read this,for me, this is very important information about WCOM direction in the future.
UUNET and PCS counts the most,the rest is only a custmer base, from which they should benefit in the near future.
I personally prefer not to get to many press releases
in the near future,because I think that so called " QUIET PERIOD" before the merger is wery important.
Not to much attention from now on.
As concern WCOM, at the bottom.I really dont think ,it
will go much lower.On Fri, I have seen a BIG blocks
of 43,000,24,000,52,000....on the buy side.
That suggest a huge accumulation by intitutional investors.
Very good sign for the future price action.
Still we ned to brake 45 5/8 .
DOV is getting weaker,but a long as it holds 11,000 we are in the consolidation mode.Any brake below that value will
be bearish.Resisrance on the upside is 11,4000.
NAZ (this time I will refer to $compx).
I am stii not convinced about the rally last Fri.
From here,we can expect 3 scenario:
1.On Mon and Tue, NAZ will contine the rally to 4450-4500.
and here will face a strong resistance.
After,I expect a drop to 4250 and consolidation in that area.
2.NAZ will will rally and will brake resistance of 4450.
This will be a very bullish sign and any consolidation above 4450 will sugest a test of previous highs at 5000.
I dont think,it will go higher for now.
3.NAZ wii go down from 4448 and will retest it's previous lows. Probably that low will be around 4000.
In the worst scenario NAZ can test a support at 3767.
I thik scenario No.1 is the most probable.
We should get better answer tomorrow or the latest on Tue.
|
