Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: flyeguy99 who wrote (1076)	8/23/2000 8:27:20 AM
From: Louis V. Lambrecht	Respond to of 100058

Flye - NDX & book2bill IMHO, book2bill is seasonal. The AMAT CC (AMAT people are usually very conservative) was very bullish on components orders. The apex on your chart is almost at the low of a trading range, back in June: 3640-3780ish. I hope we will consolidate in that range: - should we rally now, it would IMO be too soon too fast, with no volume, no legs, and even the risk of a double top (apex of your rising wedge). Tgt of that double top could have us back near 2900. - if we correct, the chart leaves us room to the low side of the triangle, 3520-3640, without leaving the triangle, so still in good posture for a pre-elections rally. (as long as 50 DMA stays above 200 DMA, not much downside allowed in the price). At 8 sessions befor Labor day week-end, a h€££ of a lot of time to wait for renewed activity.

To: flyeguy99 who wrote (1076)	8/23/2000 10:21:25 AM
From: theniteowl	Respond to of 100058

Flye, your lines seem to be working just fine, eom.

To: flyeguy99 who wrote (1076)	8/23/2000 9:19:00 PM
From: Joseph Silent	Read Replies (1) \| Respond to of 100058

Flye... regarding >>The futures speak for themselves, >>could it be due to the book-to-bill, me thinks so. Here's >>the NDX chart from yesterday, let's see where this puppy >>catches support. I had a feeling that something like this may happen .. but of course had no clue how. I believe that the futures folks have control of the markets for now, with the somewhat low volume... I've also found that whenever I take a position predicting direction in difficult times like this, I tend to trade poorly ... more often than not. Here, I think its better to let the market lead the way. My two bits. :) J