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Technology Stocks : Full Disclosure Trading

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To: advocatedevil who wrote (6258)	7/7/2003 11:17:03 AM
From: Return to Sender	Read Replies (1) of 13403

OT: The naz is at new highs for this rally since March or October. It may take a couple more days for us to see this current short term rally peter out since it is now a break out above previous resistance of 1686 on the NASDAQ. Plus there are still too many puts! cboe.com I'm not adding to my AMAT short position until I see AMAT with an RSI of 70 on its daily chart. stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G Currently AMAT's RSI is at 63.5 it could mean a high of 18 or more to get there if you ask me. At least the TRIN is falling: investorshub.com Still I think patience will be amply rewarded but what da heck do know? If it hits 70 on the RSI I will add to the short position. If it comes back down first I will not complain. If we actually see a business led economic recovery supporting the growth of these stock prices I will be slaughtered just like the pig I am. <gg> RtS

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