Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: xcr600 who wrote (28611)	10/2/2000 3:54:06 PM
From: Johnny Canuck	Read Replies (1) of 67828

Hi x, The signal is very short term in nature. I would stick to the grossly over priced stocks that have been leading the market up to now. This signal is for trading the bounce only and the bounce will be lead by the usual characters: AMCC, CIEN, JNPR. Intermediate the trend is still down till the mid-point of earnings in my opinion. In this case the risk is high as earning warnings can blindside you. TXCC looks to be consolidating at this level so I am not sure it is a good beat for a bounce with the index. I don't follow the others. <EDIT> AVNX perhaps as an oversold stock showing good strength on a lousy day. They are suppose to be profitable this Q I believe. Something is up with FIBR and RMBS. Anyone see any news?

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