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

To: drsvelte who wrote (25525)	3/9/2000 4:06:00 PM
From: Johnny Canuck	Respond to of 68492

Hi Doc, I know what you mean about FFIV. I have been trying to convince myself to take a position for the last 2 months now, but the trading on it is very strange. Every time it looks like it should break out, it gets slammed. Even great earnings could not get it going. SP500 looking to challenge the upper downward trend line again. This is a critical test as the COMPX is now in record territory. I still have no sell signal yet. I do not know of any big conferences to give the techs a push next week. I would imagine most traders will try to position for the Fed meeting the following week now. Triple witching next week should produce some interesting results too, given the strong run we have had. I still do not see a melt down. A correction on the COMPX of 5 to 10 percent could be very health at this point.