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


To: Johnny Canuck who wrote (25885)4/3/2000 12:13:00 PM
From: shasta23  Read Replies (2) | Respond to of 68182
 
NAZ closed on the first trading day of 2000 at 4131. That's only one sell program away! Amazing. And just 2-3 weeks ago trees were growing into the sky and everything was a "must own" stock...total turn of psychology. A lot of good stocks(rfmd,hlit,glw...) are actually not making new lows.
MAkes me think that 4300 might hold ... Did you actually exit all your longs? I know you wanted to sell everything under a certain level and then missed that point.
It's a weird situation: I'm down on a lot of stocks but i feel that there might be a bottom here and i don't want to sell at the bottom. But then again i though the bottom was here last week and therefore i might be wrong.
I adding small amount to my positions here but will use tight stops this time...

Stefan



To: Johnny Canuck who wrote (25885)4/4/2000 3:39:00 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 68182
 
COMPX and SOX breaking support levels. COMPX breaking down one more support level and not quite reaching the next. Most of the damage happened in the last hour. The next support level on the COMPX is 4000.

Tue Apr 4 3:33am ET - U.S. Markets open in 5 hours 57 minutes.
Dow 11221.93 +300.01 (+2.75%)
Nasdaq 4223.68 -349.15 (-7.64%)
S&P 500 1505.97 +7.39 (+0.49%)
NYSE Volume 1,026,920,000
Nasdaq Volume 1,740,432,000
30-Yr Bond 5.825% -0.021

INTERNET 12 -18.0% Edit Delete Compare
Telecom Equip 21 -9.7% Edit Delete Compare
RETAIL 8 +1.1% Edit Delete Compare
SOFTWARE1 13 -27.6% Edit Delete Compare
DSL 6 -23.2% Edit Delete Compare
DWDM 15 -8.5% Edit Delete Compare
Financials1 7 +4.4% Edit Delete Compare
Carriers1 6 -8.3% Edit Delete Compare
Telecom Construction1 3 +0.6% Edit Delete Compare
networkers1 4 -12.0% Edit Delete Compare
Contract Manufacturers 5 -8.5% Edit Delete Compare
Tier 2, D-WDM 15 -9.0% Edit Delete Compare
Broadband Cable 1 8 -12.2% Edit Delete Compare
Harry's current watchlist 32 -5.9% Edit Delete Compare
DOW 10 +3.4% Edit Delete Compare
XML 15 -15.2% Edit Delete Compare
Internet Security 20 -14.6% Edit Delete Compare
Supercoductors 5 -19.1% Edit Delete Compare
Bull Sector-optical 84 -10.0% Edit Delete Compare
Satellite Stocks1 3 -8.4% Edit Delete Compare
Strong Stocks March 16 Correction 22 -10.8% Edit Delete Compare
Biotechs 9 -7.1% Edit Delete Compare
CHIP EQUIPMENT 13 -9.0% Edit Delete Compare
CHIPS1 18 -10.8% Edit Delete Compare