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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (35220)	9/18/2000 9:49:18 AM
From: Mark Konrad	Read Replies (1) of 57584

TA for Boneheads Update: after a quick review over the weekend (a very busy one for me), most of the numbers from last week's post # 34385 appear to still be valid. There were some adjustments and opportunities during the week as well as some trend changes in individual stocks but nothing to warrant a complete overhaul of SPs (support points) or RBOPs (resistance/breakout points). For example, I'm using SPs of 32 and 35 to begin initial positions in RFMD, ICGE is holding its support at 29 1/2 and could be started or added to, QCOM continues the advance we saw last week, etc. ISLD is enjoying a bit of a bounce this morning but it won't mean much until it can convincingly re-establish the support it lost at 25. AOL may have seen its short term low at about 55 and could now begin the sustained upmove I've been waiting for. Most telcoms may also have short term bottoms in. General market direction is like the wind is to a sailor; it's always nice to have it at your back but there are always some stocks and sectors that can move higher even while the averages are heading down. All the above is my opinion only--MK--

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