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


To: Johnny Canuck who wrote (26315)4/24/2000 4:21:00 PM
From: Johnny Canuck  Read Replies (2) | Respond to of 71088
 
COMPX tested 3400 and the next support level below at 3350 and rebounded nicely. Some technician will consider this a successful test of the low with the test coming with a higher low. Many stocks re-bounded going into the close as a result. Tried to go long a bunch of stock but they missed my entry points.

Mon Apr 24 4:15pm ET - U.S. Markets Closed.
Dow 10906.10 +62.05 (+0.57%)
Nasdaq 3482.38 -160.52 (-4.41%)
S&P 500 1429.86 -4.54 (-0.32%)

NYSE Volume 870,967,000
Nasdaq Volume 1,535,144,000
30-Yr Bond 5.856% +0.031


INTERNET 12 -7.4% Edit Delete Compare
Telecom Equip 21 -4.8% Edit Delete Compare
RETAIL 8 +1.5% Edit Delete Compare
SOFTWARE1 13 -8.5% Edit Delete Compare
DSL 6 -7.0% Edit Delete Compare
DWDM 15 -2.4% Edit Delete Compare
Financials1 7 +1.5% Edit Delete Compare
Carriers1 6 -1.2% Edit Delete Compare
Telecom Construction1 3 -3.7% Edit Delete Compare
networkers1 5 -5.9% Edit Delete Compare
Contract Manufacturers 5 -2.6% Edit Delete Compare
Tier 2, D-WDM 15 -4.6% Edit Delete Compare
Broadband Cable 1 8 -1.7% Edit Delete Compare
Harry's current watchlist 32 -3.3% Edit Delete Compare
DOW 10 +1.8% Edit Delete Compare
XML 15 -7.2% Edit Delete Compare
Internet Security 20 -8.8% Edit Delete Compare
Supercoductors 5 -4.0% Edit Delete Compare
Bull Sector-optical 84 -3.4% Edit Delete Compare
Satellite Stocks1 3 -1.0% Edit Delete Compare
Strong Stocks March 16 Correction 22 -5.5% Edit Delete Compare
Biotechs 9 -2.7% Edit Delete Compare
CHIP EQUIPMENT 13 -4.3% Edit Delete Compare
CHIPS1 18 -3.7% Edit Delete Compare



To: Johnny Canuck who wrote (26315)4/24/2000 4:43:00 PM
From: j g cordes  Read Replies (1) | Respond to of 71088
 
On its first plunge I played MSFT for a few rebound points, it looks good for a similar trade, though the wait for justice decisions will make watching it a chore. I also find the idea of a breakup appealing and investor positive long and short term.

MANU looks good

NT, tried to pick up 100 calls at close.. didn't get them

APNT has one of the best introductory paragraphs among SI threads. Stock is now at 17.5 and hit a high of 60+ a short time ago.. what's fun about the intro is that someone say's "I am wondering why someone would buy a stock with a bid of .001 and an ask of .009. That spread is huge. Unless they know something we don't I might put in a limit order of .004 or something just to see what happens." I hope they saw what happens with a ton of shares LOL..

Harry.. just kidding you about support. Its been tough to call support or resistance, might just call it "where it last traded sideways"