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

To: Clint E. who wrote (26142)	4/14/2000 2:41:00 PM
From: j g cordes	Read Replies (2) \| Respond to of 70990

LOL.. hope you're not as stubborn on getting a price. Nasty day.. the much ballyhooooed "wealth effect" may have been nipped in the bud. This will cause the usual weekend of worry as it did in '87 and a very worried world will try and figure out if their markets are tough enough to not fall in sympathy.

To: Clint E. who wrote (26142)	4/14/2000 2:55:00 PM
From: shasta23	Respond to of 70990

I don't want to participate in your exchange but i have also an impression that trading is not any more fundamentally oriented. When the NAZ dropped under 3400 again you could just see a spike in the TRIN as if this technical level triggered TA oriented traders to sell. Ta oriented traders/investors(whatever they want to call themselves) didn't care about valuation on the way up and they don't seem to care about it on the way down. It's the same momentum driven trading. The only question i ask myself why i'm not short these days...i must have some sort of remnant FA side in me. Need to purge that soon!! ;-)) Stefan BTW: still have GLW now 2 points down...should probably sell but the position is small and i have a stop...so i see what HIGH NOON will bring. And i have the impression that the good stocks(rfmd,glw etc) jumped like 2-3 points upward as soon as a wave of selling stops. Who is creating these waves?

To: Clint E. who wrote (26142)	4/14/2000 4:09:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70990

It looks the market went straight down while I was in a meeting. God help us, because the market won't! <g> COMPX rallying into the close from the low of being down 471 points. Now we get real fear on Monday. As I suggested before, this is setting up to be a long drawn out correction where the excesses are drawn out of your account a 1/6 at a time. Any rally will be cut short by people selling as they get even. Even the dip buyers will be selling to lock in their principle, they will also be leary now that they have been burned mutliple time the last 2 weeks.. Wow, I just watched a 6 figure amount evaporate from my <g>investing</g> account over the last few weeks. Easy come, easy go I guess. The curse of the buy and hold. I had hoped that I was wrong on the situation, but it too late to save the current uptrend now. Today was a Waterloo of sorts and the market failed. Fri Apr 14 4:04pm ET - U.S. Markets Closed. Dow 10307.32 -616.23 (-5.64%) Nasdaq 3320.02 -356.76 (-9.70%) S&P 500 1356.44 -84.07 (-5.84%) NYSE Volume 1,256,766,000 Nasdaq Volume 2,478,783,000 30-Yr Bond 5.782% -0.021 INTERNET 12 -12.8% Edit Delete Compare Telecom Equip 21 -11.1% Edit Delete Compare RETAIL 8 -8.5% Edit Delete Compare SOFTWARE1 13 -10.6% Edit Delete Compare DSL 6 -14.9% Edit Delete Compare DWDM 15 -10.2% Edit Delete Compare Financials1 7 -9.3% Edit Delete Compare Carriers1 6 -9.3% Edit Delete Compare Telecom Construction1 3 -9.1% Edit Delete Compare networkers1 4 -15.3% Edit Delete Compare Contract Manufacturers 5 -4.7% Edit Delete Compare Tier 2, D-WDM 15 -15.9% Edit Delete Compare Broadband Cable 1 8 -8.6% Edit Delete Compare Harry's current watchlist 32 -9.6% Edit Delete Compare DOW 10 -5.0% Edit Delete Compare XML 15 -12.5% Edit Delete Compare Internet Security 20 -14.7% Edit Delete Compare Supercoductors 5 -20.2% Edit Delete Compare Bull Sector-optical 84 -12.6% Edit Delete Compare Satellite Stocks1 3 -9.0% Edit Delete Compare Strong Stocks March 16 Correction 22 -14.2% Edit Delete Compare Biotechs 9 -18.5% Edit Delete Compare CHIP EQUIPMENT 13 -10.6% Edit Delete Compare CHIPS1 18 -14.6% Edit Delete Compare Clint's Financials 40 -10.0% Edit Delete Compare Clint's ECM1 6 -5.9% Edit Delete Compare MEMS 2 -15.9% Edit Delete Compare April 11 strong stocks1 16 -15.9% Edit Delete Compare