Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.70

+0.7%

Nov 26 4:00 PM EST

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To: Johnny Canuck who wrote (27637)	8/18/2000 4:08:16 PM
From: Johnny Canuck	Read Replies (2) of 68326

Closing trade on TXCC at 55 5/8. Bought pre-split at 89. Volume drying up as we reach day three of the current move on no news. It needs to back and fill now.Resistance at 60. Forward guidance from the CC was good, but not as good as AMCC so I do not expect a new 52 week high without significant news. Money in chip sector should rotate to other more beaten down stocks now. ML upgrade of sector should supply the catalyst after the FED meeting.

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