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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: Johnny Canuck who wrote (35285)	11/28/2001 3:27:50 AM
From: Johnny Canuck	Read Replies (1) of 68655

Nov 27,2001 Notes Flat open on COMPX at 1941 after 1931 close. Market sold off rallied till 8:30 AM and 1902 level before the morning counter rally kicked in. The rally took the index to 1965 before selling off in the afternoon counter rally to finish the day esentially flat. COMPX daily on negated sell signal. SOX daily never completed the sell signal. COMPX and SOX intra-day signals is indeterminate, so the signal defers to the intra-day trend which is up. The EPC reading of 0.65 indicates and oversold condition so it supports the intra-day signal which points up. INTC and TXN confirms guidance for Q. There are some signs of firming the in PC sector as sales during the Thanksgiving weekend exceed last years numbers. NOK indicates it may ship fewer phones next year than projected. Project only 10 percent of phones will be 3G, below analyst expectation. QCOM seen as benefitting from 3G shipments though.

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