SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: AllansAlias who wrote (26595)10/11/2000 2:17:41 AM
From: Perspective  Read Replies (1) of 436258
 
Looking for reasons to rally/reasons to BK.

Positives:

1. CSCO May lows should provide support here
2. BRCM should find support and retest the H&S neckline
3. Short-term and intermediate term oversold.
4. Put-call starting to climb; 0.82 today is approaching region where bottoms have formed this year, although you historically have a day where the ratio exceeds 1.00 to put in a bottom of any lasting significance

Negatives:

1. PMCS - another favorite - caves today (its buddy AMCC is trying *very* hard as well)
2. RBAK - WOW! support is failing there, and if it moves below 110, there is *nothing* to support it until about 60!
3. ARBA&PPRO support failing.
4. Some biotech accelerating (CRA, NGEN)
5. *** VRSN *** gonna give its trendline!!!
6. NT support failing
7. Nutz short-covering appears complete (AKAM, INKT, YHOO)
8. SUNW, ORCL bleeding badly
9. Old Economy has joined the giving; money is genuinely leaving the market; SPX has clearly given up 1400 support, which is now resistance
10. Naz has failed to find support even from its declining channel bottom and is now in an acceleration mode
11. Oil running *again*

Seems hard to make a bull case here, but my gut says that tomorrow isn't the day. We may gap down, and test the May low early, but I don't expect that to fail on the first attempt. The next time, however - well, let's just say I see Luc finally getting what he's been looking for...

BC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News