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

To: Johnny Canuck who wrote (26285)	4/20/2000 2:48:00 PM
From: shasta23	Respond to of 71051

HI HARRY! Thanks for the response. I feel the same way: get rid of all the voices trying to influence you. For now i don't see any conviction in the market. Dow needs to break >10800 acording to Ed Downs to reach 11200 but no real break so far and the NAZ is under it's 20EMA in all time frames(daily,60,30min,15min) and therefore it's too early to buy and the weekend is long. Therefore i will stand aside here and enjoy the weekend. BTW TRIN is >1 as sign of selling pressure despite the positive number on the DOW. Stefan

To: Johnny Canuck who wrote (26285)	4/20/2000 3:10:00 PM
From: xcr600	Read Replies (1) \| Respond to of 71051

Naz stuck in a trading range. Wed's high hit the trendline and the Naz promptly headed south again. I believe Option Investor had the chart too. Check the COMPX on a 80min chart. Very striking. Out of most high fliers today- QLGC,BRCD,CSCO, etc.. I don't anything that can pop the Naz out of this trading range. Earnings aren't doint it and I can't imagine a rate hike will do it <g>. One other thing I have noticed in the past month. INCA has always been heavy sellers and not buying much. I realize INCA can be anyone but it's still institutional money leaving the markets. Little rally here. Must be short covering driven. Some real tug of wars in the options expiry. JDSU has been fun to watch.