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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 672.04-1.7%Nov 13 4:00 PM EST

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To: Johnny Canuck who wrote (36598)3/28/2002 3:50:45 PM
From: j g cordes  Read Replies (1) of 67936
 
Hold me back Harry, I'm 1mm from buying puts on gold stocks..

As for the telco rally, they needed it and this rally isn't the one, but its soon.. a side note the opticals and more exotic stuff aren't following.

End of q games going on with averages and especially with individual stocks.. the q winners will begin lightening up and the losers that have been sold out but still are solid will gain over the next 10 days.

The overall toppiness bothers me.. makes me think a quick sell off by end of quarter stocks' buying will occur going into early April.. that will quickly set the stage for a decent speculative tech coming back rally that fails in May.

EMC is curious.. I got some TELM but its OBV (like many others) suggests its a lack of sellers driving prices up, not a plethora of buyers.
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