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Pastimes : Home on the range where the buffalo roam

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To: David Weis who wrote (5432)1/9/2002 11:42:19 PM
From: Boplicity  Read Replies (4) of 13815
 
add this to that. Try not to get left behind. <g> Seriously, I'm just a simple trend follower. I try to not buy at the top of channels and sell when stocks move out of channel.

re: taking profit

I haven't done that willing yet since the bottom. I get stopped out after stocks fall out of their channels.

re: the market action today

I didn't like it. Manufactured reasons for cave at the end are never a good sign. I see the market action today as very telling and indication of over extension and a possible tell to how much money is already committed to the market short term.

re: NTAP

Looks like it's about to break through it's 25 dayline, next area of support is the lower channel line, mid to lower 20's.

re: BRCM

BRCM gaps all the time, very gappy stock. <g> I mention a month or so ago, that BRCM would have to make it over 50 and stay there, before I would commit new money to it. I stand by that statement still.

re: CSCO and now DELL

My market barometer, CSCO has been join by DELL. Both are bounce up against Dec. highs. We need them both to make a move through that area, so the market at large can move forward.

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