Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Johnny Canuck who wrote (28075)	9/9/2000 2:04:04 PM
From: Logain Ablar	Read Replies (2) of 68410

Hi Harry: As for sectors both the internet and telephone (includes equipment) are in bull alert (where they've come off a bottom) and would be bull confirmed (if they come back and print double top from this weeks pull back). For the internets I still like CMRC (its on a breakout) and INSP. ENTU was also brought to my attention this weekend and may be worth a look. In Telephone DSL I still like WSTL but I liked it @ $16 and its now broken $14 so you may be able to buy in @ $13. EFNT looks like the better play with GS & ML sponsorship. On the Gig ethernet don't forget MRVC is in this space (Charlottes Web). The PnF indicators are still in X's but have pulled back. Also the NAZ chart looks to be setting up for a triple top break (this assumes the NAZ reverses prior to hitting 3900) and is in the medium range so is no longer over bought. Remember this is anticipating a triple top break which is not part of PnF and where I get in trouble. It looks like the Treasury is still pouring punch into the bowl so I'd expect the rally to continue. Your mid month seems right. Remember the Treasury gets replenished this Friday from corp & ind. income tax payments. Tim

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