JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: onurbius who wrote (18210)	2/10/2001 3:36:19 PM
From: t2	Read Replies (3) of 24042

most of the solid techs - JDSU, SUNW, ATML are looking to bounce off the lower Bollinger. Check out ATML leaps what do you mean by the lower Bollinger. I heard of the term bollinger bands. Are these stocks trading at the lower end of the range? I am not a big follower of Technical Analysis but will be interested in knowing how a technician looks at the big caps. Just a general idea on the significance of the bollinger bands would be appreciated. thanks. I have been a momentum trader for so long and lately there has been no momentum at all in most sectors--see lots of rotation in the various sectors but nothing shows any real momentum to move stocks up significantly in any one sector. My best guess would be that techs will get their momentum as there has been a lot of selling and short selling and the cash is still waiting to be poured back into the markets. ie..from downward momentum to upward soon ---probably from the unwillingness of sellers to unload their stocks at prices any lower ( ie stocks become too good a value) BTW--I can't wait for the mid January short interest for Naz stocks--that is going to be released later this month.

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