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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: d. alexander who wrote (23936)10/11/1999 3:59:00 PM
From: shasta23  Read Replies (2) | Respond to of 69990
 
Looks to me as if the naz wants to go higher.The question is "Sustainability" of the rally and i have big doubts there. It's my doubtful nature i guess. It seems to be so much manipulation going on due to the low volume. Just look at the intraday chart of BRCM. Are moves like that normal? Or VTSS's return after the downgrade on low volume?

So, i really don't know what's up and therefore try to do some intraday trades but nothing longer. Yeah, i will miss out on lot's of possibilities but i'm highly risk averse.
If this is a sustainable rally there will be time to get on the ship later.

After tomorrow -when we see the markets reaction to earnings by semis and intc we will no more.

Stefan