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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: lee kramer who wrote (112618)	8/28/2000 10:03:52 PM
From: Susan G	Read Replies (1) \| Respond to of 120523

CNBC was sure repeating the fact that all averages have run into resistance after the close, I guess they need to stir the pot a little - ratings must be low! Your comments are similar to the comments posted on SI recently by James Strauss. Message 14274945 siliconinvestor.com siliconinvestor.com

To: lee kramer who wrote (112618)	8/28/2000 11:24:03 PM
From: Susan G	Read Replies (1) \| Respond to of 120523

Interesting observation on the nasdaq (compx) daily chart for the past four years around labor day...you can see these by scrolling back on Qcharts. In each of the past four years, there were several dojis and spinning tops on or within a day or two of September 1st. Seems to be a yearly indecision period. And then each time the uptrend resumed, only to be followed by an early to mid October slam. There was one exception, the dip in 98 occurred first in Sept. and then again, a harder dip in Oct. But that year their were extenuating circumstances we all remember! Each of these years the index was showing an overbought stochastic, except for 1998. I checked all the way back to 95 and the pattern seems very similar. Just something else to boggle the mind and give us something to think about - that the dojis we are seeing are not necessarily negative for the longer term picture... In 96, an election year, the uptrend was beautiful from the double bottom lows in July through year end, with only a slight dip of about 80 points in October. (COMPX was only around 2500 though so that was a 3% correction).