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

To: Johnny Canuck who wrote (27758)	8/25/2000 4:06:56 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 68364

Harry On GALT I remember the 1st qtr the CEO expected a good 2nd half. Your comment reminded me. If it doesn't breach 26 on monday I'll sell and come back later. I'm only trading it. CMRC is more of a 3 to 6 month investment. Tim

To: Johnny Canuck who wrote (27758)	8/28/2000 1:05:21 AM
From: Johnny Canuck	Respond to of 68364

Contraian view of the market: THE WEEK AHEAD In the final dog days of summer I expect the markets to remain flat, it's seems to me that every one is expecting a big rally to come after labor day which is a clear signal to me that we probably wont get it when we expect it. At this point the COMPQ looks to be over bought with short term support at the 4,000 mark and resistance at 4,100 a break below 4,000 is the 200dma 3740 I see the 200dma as the stronger support level. The Dow has been holding 11,000 for the past 8 trading days and also looks to be in an overbought position I look for 11,000 to act as first level support and 11,200 for resistance a break below 11,000 could send us right back to the 200dma of 10,767 I would look to the 200dma for the stronger support level. There is just not enough volume in the market to support a breakout through resistance levels on both of these indices.... kingcambo.com