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

To: d. alexander who wrote (25490)	3/7/2000 8:55:00 PM
From: Don England	Respond to of 68330

you all seem to be mainly into tech, not my thing presently, 100% bios. on the secondaries: the bios which have moved up, frequently meaning a few hundred percent, on offering a secondary have done extremely well - recently, at least. i think it is almost as good as an ipo as far as investments go. don't know if this helps or not. don

To: d. alexander who wrote (25490)	3/7/2000 10:08:00 PM
From: d. alexander	Respond to of 68330

close (or at least 9.30 download) T2113 58.30 T2106 -38.49 T2109 18.98 Also, Mr. Worden put up a chart of the S&P Midcap 400, with the comment The market, viewed from this perspective, doesn't look threatening at all Well, there's always tomorrow

To: d. alexander who wrote (25490)	3/8/2000 1:35:00 AM
From: Johnny Canuck	Respond to of 68330

Wed Mar 8 1:25am ET - U.S. Markets open in 8 hours 5 minutes. Dow 9796.03 -374.47 (-3.68%) Nasdaq 4847.84 -57.01 (-1.16%) S&P 500 1355.62 -35.66 (-2.56%) NYSE Volume 1,314,100,000 Nasdaq Volume 2,156,799,000 30-Yr Bond 6.148% +0.004 INTERNET 13 -3.5% Edit Delete Compare CHIPS 13 +1.2% Edit Delete Compare CHIP EQUIP 12 -1.0% Edit Delete Compare Telecom Equip 21 -2.7% Edit Delete Compare RETAIL 8 -4.4% Edit Delete Compare SOFTWARE1 13 +1.5% Edit Delete Compare DSL 6 -0.7% Edit Delete Compare DWDM 15 -2.7% Edit Delete Compare Financials1 6 -3.0% Edit Delete Compare Carriers1 6 -1.5% Edit Delete Compare Telecom Construction1 3 -1.0% Edit Delete Compare networkers1 4 -4.9% Edit Delete Compare Contract Manufacturers 4 +1.4% Edit Delete Compare Tier 2, D-WDM 14 -4.6% Edit Delete Compare Broadband Cable 1 7 -1.9% Edit Delete Compare Harry's current watchlist 33 -1.6% Edit Delete Compare DOW 10 -2.7% Edit Delete Compare DRUGS 4 -3.8% Edit Delete Compare XML 15 -2.7% Edit Delete Compare Internet Security 20 +4.2% Edit Delete Compare Supercoductors 5 +2.8% Edit Delete Compare Bull Sector-optical 84 -2.8% Edit Delete Compare Satellite Stocks1 3 -4.9% Edit Delete Compare Sold 1/2 of my PMCS position going into the close at 226. I didn't like the acceleration in selling on the COMPX. A bit of panic appeared to creeping in.

To: d. alexander who wrote (25490)	3/8/2000 2:11:00 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68330

To: Options Jerry who wrote (42507) From: IntelligentSpeculator.com Tuesday, March 7, 2000 5:47 PM ET Reply # of 42546 Finally wrote a The Trader's Notes for March 8, 2000 We first began to write about a churning top late last year as the Dow Industrials and the S&P 500 treaded water, and the NASDAQ began its lone ascent unconfirmed by any of the major averages. It has been pointed out by many observers that the Dow Industrials has been trading inside a pattern known as the Broadening Top, which many see as the ominous sign that conditions similar to that of the 1929 top are present in today's market. We would like to point out a second possibility. With yesterday's break of the February lows, the Dow Industrial Index is still testing the October 1999 bottom on the weekly chart. If this week holds, we could take the lower boundary of the broaden top and call it a neckline on a huge head and shoulders pattern that could stretch for several more months into the future before a final resolution. For now, resistance on the Dow Industrials is lurking at the 20-week EMA at 10680 and the 50-week MA at 10830. The S&P 500 Index is in the process of testing the uptrend line established in late 1998 with resistance in the 1400 area. The NASDAQ 100 Index remains in an uptrend on the weekly chart, but big around numbers like 4,500 are good places to find sellers. Until last week's low of about 4,000 is broken, it is still in an uptrend, making weeks of higher highs and higher lows. The most mysterious major index is the CBOE Internet index, which tried to break out last fall, and has been consolidating ever since in a very tight flag pattern. Until the trading range is resolved, there is nothing to do here. We take a quick look at the divergence between the Dow Industrials and the Transports. Perhaps there has never been as great of a disparity between the two indices in modern times. While it is almost old fashioned to look at these two indices in the same chart, we still wonder about why this is so. While the Death of the Old Economy has been proclaimed, given that billions of dollars of merchandise purchased online needs to be transported to their buyers, one wonders why transportation companies are not doing better. They would surely be able to pass on the price of increased fuel costs without much trouble. Or is the economy much weaker than we are lead to believe, and this is the first sign of trouble? Perhaps the rally in bonds, producing lower yields, is telling us something? The Trader's Notes prepares the trader for the day ahead, providing observations on market sentiment, internals, support/resistance levels and key pivot points in the major market indices using the daily chart. Use of moving averages and the Average Directional Index (ADX) indicator helps to determine whether the market is trending up/down or chopping sideways. Using Japanese candlestick charting techniques, observation of market action around support and resistance assists in the analysis of supply and demand based on fundamental principles of classical technical analysis. The results set up "if-then" scenarios used by the trader during market hours. Technical analysis is not used as a tool to "predict" the future or to pick tops and bottoms. It is used to detect areas of trend change and emerging trends. In a trading range, traders generally look to buy at the low end of the range and to sell at the high end of the range ? or stay out all together. In a trending market, traders generally look to enter the market on every retracement until it enters a trading range and ends on a test. The goal is to buy every dip in an uptrend and sell every rally in a downtrend. The trend is your friend until the end when it bends! Charts specific to this post are linked to intelligentspeculator.com.