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


To: Johnny Canuck who wrote (27509)7/28/2000 9:16:37 PM
From: Clint E.  Read Replies (2) | Respond to of 68364
 
Harry, this kind of selloff a month ago could have been absorbed and somewhat mitigated by buyers looking for a summer rally. Now everybody (true?) is looking for the summer doldrum.

There is a gap on 6/2(unemployment data), from 6/1 close of 3582 that ultimately pushed the nasdaq out of its trading range. I think that one is important to watch. I don't think we penetrate thru that in this trip(next few days?). I don't even expect any serious gap down on Monday, unless we get another piece of bad news over the weekend.

CRDS, from 200 to 4-1/4! CS of SAN?
XLA, from 112 to 17. Sweet justice? Yes!

Have a good weekend. I need to start shaping up. My wife will be back from her vacation in two weeks and as always the house is a mess!

Clint



To: Johnny Canuck who wrote (27509)7/30/2000 1:34:43 PM
From: Johnny Canuck  Respond to of 68364
 
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