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Biotech / Medical : Sangamo Therapeutics, Inc. SGMO

SGMO 0.537

+8.9%

3:29 PM EST

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To: Mike McFarland who started this subject	10/9/2000 10:09:57 PM
From: johnsto1	of 368

CiVic repost Sunday October 8th OK where is this market headed. I will now proceed to post my analytical findings with fear and trembling. I can only put out what I have found in the charts. I cannot say whether all this will hold, but I have anough info to make me believe that we are bouncing starting monday. Should some of these major supports break this week - we have trouble. Nasdaq 100 $NDX - reaching longerm uptrendline. no reason it should not bounce off there. we are 800 ish points 4200 August highs so that puts us as oversold...AND hitting an uptrendline. that is 2 pluses going for us. Here on the $NDX chart we are also hitting the short term downtrend line..as well as the longterm uptrendline at the SAME point. this gives us yeat another point at which to bounce off of. Here is the Composite ($compx) - it is also hittin long term support and short terdowntrend line support at the same point. just as verification. I will no procede to go through the NASDAQ 100 thqat have more than a 2% weighting. Cisco - Trend channels move in parrellel slopes...csco is at it uptrendline - what scares me is the consolidation at this point..but it has held it during this nasdaq selloff. IMO if csco breaks this we are in trouble. look for csco strength this week. (IMO csco has been waiting for the nasdaq to hit bottom before heading up) INTEL is hitting long term uptrend support as well..and is clearly oversold MSFT is hitting the bottom of it's longterm down trend channel...so it should also get a bounce. QCOM is just starting to make is rise back up the ladder....this has good strength going forward and can help the cause. ORCL I proceeded to formulate some sort of uptrend...this one is arguable - but in the short term it is oversold CIEN - one of the new leaders..has broken out of LONG term uptrend to the UPSIDE ,and has now pulled back to that line....although extended, that is a reason for a bounce. JDSU oversold in the shorterm, hitting some sort of uptrend I drew (arguable) and is keeping to an uptrend so far - also hitting the bottom of a short term downtrend giving reason for a bounce. (when stocks break 200MA they usually bounce to hit them as resistance before moving lower - this is the case with ORCL as well. JNPR one of the new leaders is hitting bottom of a very steep uptrend channel - but it is making higher highs and shows no signs of weakening (also hitting 50 MA) SEBL is also hittin the bottom of a steep uptrend channel - and it's 50 MA. giving reason for a bounce. SUNW - has veried far from it's 20 MA..so it should whip back...and it is also hitting the bottom of it's steep uptrend channel as well as it's 100 old resistance - so new support. VRTS is the only stock here that is near the top of it's trend channe (which I have not drawn) so it does have reason to move down. These stocks here make up 35% of he nasdaq 100.. All of them I have shown (cept for VRTS) reason and supports that should make them bounce monday and this week. I cannot say that they will bounce..but having 10 stocks that have reasons to bounce this week, AND Making up 35% of the $NDX, and the $NDX reaching bottom of uptrend - this gives me reason that we shoud get some sort of STRONG bounce this week. Now...should there be a reason to come along that will make 10 stong stocks break their uptrends all at once...then we will have some BIG problems. As a T/A person I do not tell the future only report what I see. Since this has not happened, there is no reason to think it will. Some of these new leaders are showing very stong uptrends...they do not look weak at all. this Nasdaq does look as strong as ever to me. After/if we get a bounce this week...then more T/A will have to be done to analyse the reaction - so until then... Lotsofstocks.com disclaimer - this is only information and my opinion. do not use this to make market decisions. Consult a professional before making market choices. ciV lotsofstocks.com

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