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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: j g cordes who wrote (38087)	8/27/2002 11:52:07 AM
From: Johnny Canuck	Read Replies (2) of 69640

Re: CORV There is not much of a reaction. You would not know system sales were weak given the action on CIEN today. JDSU has be relative strong the last few days too. I think it is bargain hurt in a really weak sector. The unfortunately thing though is when the stocks that have been left for dead start to move the current move in the indices may be over. I would expect trader to start to close out their positions tomorrow and leave early for the holiday weekend. I can't see a reason to rally the rest of the weak. Next week are the employment numbers and given the recent airline layoffs and tech layoff it can't be good.

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