Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 670.92

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Nov 7 4:00 PM EST

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To: Johnny Canuck who wrote (35724)	1/2/2002 10:04:16 PM
From: Return to Sender	Read Replies (2) of 67750

Harry on AMAT I'm curious at what point you would be considering it a good short position. stockcharts.com[h,a]daclyyay[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lk14] It's difficult for any stock or index to continue climbing when the future is still such an unknown commodity. The SOX was just one strong index today in technology and that may not last. Typically we have seen enough earnings warnings to keep a lid on any upward momentum for the NASDAQ until actual earnings begin being released in large enough numbers to take the limelight. If the SOX continues higher this next two weeks though we could be in for a real breakout. We definitely need more volume before any real conclusions can be drawn.

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