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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (553)	7/27/2000 9:55:20 PM
From: Surfer	Respond to of 10065

Dipy: Based on BB, we have max. 5 weeks left before the inflection point. QQQ is siting near support 90. It bounced off from here about 4 times between June and July. Toped near 100 twice. Also, 50 day MA is right there near 90. And one more thing, 14 day RSI getting near the level where QQQ jumped up in June. If any short-term oversold bounce on QQQ, it better happen soon. Trying to buy QQQ for a jump, but afraid of BB call during the weekend and left holding the bag with gap down on QQQ. Watch AMAT, INTC and MSFT. AMAT is near it's support and getting oversold. Earnings 8/9. Somebody downgraded it today. Still, it might have an earnings run up assuming folks are not afraid of 8/4 employment report. INTC is refusing to go down below 136 because of split coming up (my guess). MSFT support is near 67. These stocks have to breakdown for QQQ to go down. Otherwise, some of the remaining 97 stocks have to fall more for QQQ to go down more. About $1 for every 41 points on NDX. BB was saying that this time NASDAQ might go below May low. If it happens, wonder where AMAT will be. It's already near May low, at around $71. About 15% represents AMAT, INTC and MSFT in NDX. ADCT is about 1.88% and it is making new high after new high. Earnings is in August.ORCL is about 4.16% and it is holding up above $72. Check this site: dynamic.nasdaq-amex.com Thanks.