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


To: shasta23 who wrote (27069)6/19/2000 9:39:00 PM
From: drsvelte  Read Replies (1) | Respond to of 68251
 
Stefan!! Congratulations on your home purchase! Now thats the American way!

Hope this breakout has legs - long today on RMBS (gulp!). EMLX, DIGL, BVSN, and QQQ.



To: shasta23 who wrote (27069)6/19/2000 10:12:00 PM
From: Suresh  Read Replies (2) | Respond to of 68251
 
Stefan,

I am approaching the market cautiously here.. I am long but very nervous. I think most of these moves are orchestrated... Anyway as long as they make money I am all for it :) BTW, I am eagerly watching for the reaction of the street to ORCL CC tomorrow.

Congratulations to your new home purchase. Are you over buyers remorse.. ?

Well this market never cease to amaze me but I don't buy this break out.

Later,

Suresh



To: shasta23 who wrote (27069)6/20/2000 2:34:00 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 68251
 
Hi Stefan,

It looks like you bought yourself a piece of the American dream. Congratulations.

I agree with everything you say about interest rates and valuation but in this market environment and given the short term attitude that everyone has take on it does not matter. H*ll even me barber is learning to trade the futures and he has only ever bought 2 stocks in his whole life. One was a tip and he made a killing and another was a stock broker recommendation and it got delisted.

That being said, this rally though on traditionally light volume due to the start of summer vacations, look to have greater participation that the previous rallies. More sectors are participating and the participation is across the board within the sectors on the COMPX. The COMPX looks to run if we get follow through tomorrow. Keep in mind I am only talking short term.