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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 695.49+0.4%Jan 27 4:00 PM EST

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To: Johnny Canuck who wrote (35106)11/12/2001 3:09:27 PM
From: Logain Ablar  Read Replies (1) of 70146
 
Hi Harry:

Still like the storage sector and decided to post some chart links here. Some selected charts.

NAZ 25 point chart.

stockcharts.com

NAZ 35 point chart

stockcharts.com

From a TA standpoint still feel we are going to have a retest. Maybe it doesn’t start till later. Fundamentally I would think the rhetoric we’ll be hearing between the Democrats and Republicans on a stimulus package would set the uncertainty stage for the pullback / retest. Maybe we only go back to the 1650 area.

The other fundamental issue is when the Taliban fall and they give up bin laden. This would be a positive for the markets (IMO short term but a positive).

Storage sector has had some nice moves off the bottom.
QLGC
stockcharts.com

EMLX
stockcharts.com

NTAP
stockcharts.com

JNIC
stockcharts.com

VRTS
stockcharts.com

MCDT
stockcharts.com

ZOOX
stockcharts.com

BRCD
stockcharts.com

EMC –
stockcharts.com

STOR
stockcharts.com

Also notice how the security software sector has done well.

Tim
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