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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.00

+0.2%

Nov 11 4:00 PM EST

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To: Johnny Canuck who wrote (34391)	9/22/2001 3:31:37 PM
From: Return to Sender	Read Replies (2) of 67860

Harry for those interested in JBL I updated my notes in this post: Message 16397730 The market is so oversold now that I would expect a buying binge if we get good news from "Operation Infinite Justice". Longer term it is now evident that we are in a recession caused by the American consumer no longer able or willing to consume. That being the case one has to question the ability for this market to rally back without additional weakness after that rally. The economy which I had hoped would continue to show signs of recovery is now doing no such thing. More workers than ever are out of work. The semiconductor Book-to-Bill dropped last month. Microsoft is delaying their Xbox and possibly reducing numbers of units they will initially ship. There are pockets of strong stocks within defense, securities systems, biometrics and video conferencing but buying now is not like finding an undiscovered jewel in the rough. Anyway, I sold my RFMD for a small... and I mean small profit. I am holding JBL at a loss due to my belief that OEM's will continue to outsource business to quality EMS companies like Jabil. Keep up the good work sharing that information Harry! RtS

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