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

To: shasta23 who wrote (25716)	3/23/2000 1:27:00 PM
From: xcr600	Read Replies (1) \| Respond to of 68312

Hi Stefan. Check a 30min chart of the COMPX. Break of a double top after the double bottom earlier this week. I think naz vol be under 2bln shares (or lower) just for the fact that things are "slowing down" as we ease out of the first quarter and people/funds/etc starting positioning themselves for the summer doldroms. imo happy trading

To: shasta23 who wrote (25716)	3/23/2000 2:01:00 PM
From: d. alexander	Read Replies (1) \| Respond to of 68312

Stefan; it does seem a quiet day considering all that green. I was referencing Ed Downes comment The NASDAQ is in a trading range, and in my opinion, is likely to remain there for some time to come. He pointed out that the range was between fib 50 & fib 62 (from the bottom up, I presume) & it looks to be now well clear of fib 62. Hence, breaking out of range but not breaking out! Oh, it's goin' again <g> I like Clint's bouncing ball; must make it really difficult for anyone to assess where the market is going. Dorothy

To: shasta23 who wrote (25716)	3/24/2000 2:47:00 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68312

Hi Stefan, >>GLW rocking. To bad my wife sold yesterday at 200. Told >>her to wait for test of all time high but she was still >>unnerved from the ups and downs of the last days. GLW just pre-announced earnings that will be higher than estimates. It got an upgrade with a $250 target. Given the pre-announced estimated it has a forward P/E of 50 in an industry segment growing 100 percent per year. The downside risk was 190 and 170 and given the pre-announcement, there was no way it would break below 170. With the end of quarter window dressing, this was also a must have stock for the fund managers as it more reasonably valued than JDSU, ETEK, or SDLI. It is hard to let your winner run some times even when the fundamentals are on your side.