Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: drsvelte who wrote (38132)	10/2/2002 12:43:25 AM
From: Johnny Canuck	Read Replies (1) of 68978

Hi Doc, It looks like you are not the only ones looking at cyclicals. 12:37 ET Basic Materials show strength The following stocks are demonstrating relative intraday strength - pushing out to fresh session highs: DD (+4.1%), DOW (+3.3%), AA (+3.1%), D (+1.3%), NUE (+0.8%), HAL (+4.1%), PDE (+0.8%)... Heavily represented on the list are Basic Materials and Oil Services stocks. I only see this as a brief technical rally within a down trend right now. COMPX needs to break resistance at 1240-1250 before people get bolder.

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