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


To: Johnny Canuck who wrote (25162)2/12/2000 9:58:00 AM
From: dppl  Read Replies (1) | Respond to of 68092
 
From the Jerry Flavors web site:

"The key will be whether the Dow can hold above 9884 intraday. As long as we hold above that level the Bull Market is still intact."

I'm not sure if he ever addresses the bond, CRB and gold indices but they are sending out some pretty strong signals now.

Also, we should be getting near a short term bottom on the DOW - a few points from here, we should reverse Monday or Tuesday IMO.

I think anything off the wall in the tech/semi sector is fair game now - anything trying to make a breakout from a "W" will probably fail (you have to use common sense and see if the stories are hype or real).

Thomas



To: Johnny Canuck who wrote (25162)2/12/2000 8:42:00 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 68092
 
Dow 10425.21 -218.42 (-2.05%) NYSE Volume 1,029,990,000
Nasdaq 4395.45 -90.18 (-2.01%) Nasdaq Volume 1,752,732,000
S&P 500 1387.12 -29.71 (-2.10%)
30-Yr Bond 6.293% +0.018

SP500 only broke down to the next support level, not the 2
support levels we save most of January. Inflow of money into
stocks mutual funds, 11 billion as reported in Barrons,
providing support. SP500 bounced off of support in the last
half hour indicating traders were willing to take positions
home with them over the weekend.

Part of the sell off in the DOW was due to report on MSFT
indicating slow adoption of Windows 2000. This is not news
as most programmers that saw the program last year realized
that back then. Industry will other shake out the bugs
before adopting the OS.

Software and cable were the strong sectors. Software was
strong despite MSFT problems. Cable stoke being held up in
preparation of broadband media conference later this month?

INTERNET 13 -3.9%
CHIPS 13 -4.2%
CHIP EQUIP 12 -3.5%
Telecom Equip 21 -1.6%
RETAIL 8 +0.2%
SOFTWARE1 13 +5.4%
DSL 6 -0.7%
DWDM 15 -0.4%
Financials1 6 -0.8%
Carriers1 3 -4.4%
Telecom Construction1 3 -1.4%
networkers1 4 -1.7%
Contract Manufacturers 4 -2.4%
Tier 2, D-WDM 12 +0.5%
Broadband Cable 1 7 +3.1%
Harry's current watchlist 33 -2.3%
DOW 10 -2.2%
DRUGS 4 -2.3%
XML 15 +2.2%



To: Johnny Canuck who wrote (25162)2/13/2000 9:20:00 PM
From: Suresh  Respond to of 68092
 
Hi Harry,

nope I don't have CC information for VECO. We had guests at home so I was going to look out for the CC Monday. However, I did establish a trading position when it was knocked down at open. Looking at the intraday action probably CC has gone well.

-Suresh



To: Johnny Canuck who wrote (25162)2/14/2000 10:20:00 AM
From: Suresh  Respond to of 68092
 
Hi Harry,

out of VECO trading long position... ran too fast from my entry. Did you find any information about VECO CC ? I will try to call the company today.

-Suresh



To: Johnny Canuck who wrote (25162)2/14/2000 10:29:00 AM
From: Suresh  Read Replies (2) | Respond to of 68092
 
Hi Harry,

out of my trading shorts in AMCC and PMCS.

-Suresh