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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: bobby is sleepless in seattle who wrote (102747)	6/18/2000 3:25:00 PM
From: Jerry Olson	Respond to of 120523

Bobby looking at the SPX..we could come down off the recent high, to 55 or 45..but that would be it..1455/45... there's support there...just as there's resistance at 80/81..and Carpino has good support there.. there are too many conflicting signals one way or the other till Alan G resolves it.. my guess would be up, big...Both the NAZ and NDX charts are identical... the DJIA gave a sell signal, broke a DB, but has big support at 10300..big..OEX and all the other indexs same thing.. this past option exp week, and FOMC patterns, are falling into place... the markets and all of us longs are nervous..but so are the shorts...i think we'll rally later next week, right into Tue/Wed of the FED meeting..and really because the streets thinking the Fed is DONE!!! i do too..what really surprised me, is the way we've softened so fast??? and without at least the last .75 in the pipeline... Alan G is not a hawk...i have to think they'll stand pat here for a bit..they know OIL is high and will have some impact on reports, but there is a lot more eveindence we are slowing.. i can;t think of one reason why they would raise in the face of all this knowledge and knowing full well the last few hikes are not in the pipeline yet... unless of course we are not seeing what they are??? so we wait...trade cautiously....heck we'll all know soon enough...

To: bobby is sleepless in seattle who wrote (102747)	6/20/2000 2:30:00 AM
From: bobby is sleepless in seattle	Read Replies (1) \| Respond to of 120523

ndx... last friday's close, whether meaningless or not, many an observation made of this repeated pattern to see a late surge only to have the proceeding day retest its inception as the NDX saw its way down to 3750, made a bounce and decided to visit Mr. redundancy, a place visited oh so often by bulls and bears at 3730+/- as we maintained range bound 3600-3800.... so nice to see artistical merit reap its rewards as the picture painted at 3730 buy signal, 3750 support with each bar test adding to confidence in early morning, grabbed my favorites on the long side, read a few posts, and just monitored the rest of the day. We closed above 3871, how nice. volume seemed faily light in the pre afternoon trading, with thoughts of 1.3 billion shares at best for the day. However, volume picked up in the afternoon as a result of a possible technical buy signal, and finished above 1.4 billion. Lots of great opportunities as so many stocks mirrored the ndx chart, all serving as flagging patterns, or some form of, as we ascended into close. Pretty cool, now we start dialogue on follow thru, or failed this and that... FOMC meeting next week...