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

To: shasta23 who wrote (25311)	2/24/2000 5:35:00 AM
From: Iris Shih	Read Replies (1) \| Respond to of 69019

Hi Stefan, Thanks for your compliments. I have learned a lot from this thread. I exited my longs in cmgi, qcom, icge, cmrc and other b2b stocks.......in early Jan. Since then they have pulled back quite a lot for quite a while. And have beening basing well this month. For the old nuts, if you can look at yhoo's chart, you can see yhoo usually pulls back after earning and starts moving up again 1 month prior to next earning. askresearch.com If yhoo can reverse from here and stay above its 50MA, it probably have found the bottom here for this quarter. Look at its chart, it has formed a nice double bottom here. If yhoo has found the bottom here, other nuts will do the same soon. There will be a very good playable bounce here prior to April's earning season. After that, a real lower bottom won't come until fall. As fiber or wireless (telecom.) stocks, growth stories are still there. Even with the bad interest rate news, we still see arba, brcd, jnpr, rbak... making new highs. Why? If they can move up under such bad market condition, why can't they continue their move into earning season? I have watched jdsu for a while. Got some around 195~199. It has based well around this range (180~210) this past month. Look really nice/ The second tier fiber stocks will follow soon. It's just my way of thinking. BWDIK! Iris