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

To: j g cordes who wrote (26096)	4/13/2000 10:29:00 PM
From: drsvelte	Read Replies (1) \| Respond to of 67992

Jim, a lot of stock overhanging SCMR soon... unlockdates.com

To: j g cordes who wrote (26096)	4/14/2000 1:42:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67992

Jim, Gee what a mess. Can anyone give me a recap of the COMPX trading today? What caused the slide going into the close? I think we have a serious problem here. The powers that be tried to save the market last week when we bounced up dramatically from the 3650 low. They are going to be less likely to do it again as they used up a lot of fire power to do the first save, they also need surprise on their side to be effective. As a result, tomorrow a breech of 3650 is a self fulfilling prediction. If the market does not firm tomorrow the waves of selling will intensify. In a few words, we may not have seen anything yet. We may get a slow extraction of profits as every little pocket of strength is sold for the next few weeks till no one can take it anymore at which point we get capitulation and buyers will finally step in. If the pattern hold from the past, this will not be till after MSFT earnings. We are starting to see some of the effects of slow grinding bear market in techs that slowly sucks the life out of you.