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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (31103)	9/26/2000 3:23:10 PM
From: rocklobster	Read Replies (2) \| Respond to of 42787

What I would like to know is how BRCM can be up 5 9/16 and PMCS can be up 4 7/8 with the SOX.X getting hammered below critical 880 support.. I have puts on BRCM since yesterday at 259 and the premium is eroding with the stock holding up strong as ever. unbelievable... Seems that all technicals indicate top here but it refuses to fall...LOL rok

To: Robert Graham who wrote (31103)	9/26/2000 3:34:50 PM
From: Robert Graham	Respond to of 42787

Well, the TICK has put in an anticipated push down to retest support. Meanwhile, both the ND and SPOO are attempting to continue their rally after a pause. The SPOO is now testing the upper end of its congestion trading range. Now the TICK is extending its initial push up. I think price will move up from here. 3:36 PM EST SPOO now testing its 20 EMA 15. I began to suspect soemthing was up when the TICK was making a push down at a time the SPOO was prepared to do the same. Instead of following the TICK down, both the SPOO and ND began another push up. When TICK joined their efforts, the NC and SPOO began to make more headway. The TRIN remains in a narrowing congestion. 3:40 PM EST SPOO is now at the upper level of that previous cognestion range, testing it as support. So apparently there were some sellers found at the 20 EMA 15. 3:46 PM EST If price moves down any further, the previous congestion range just has bene extended and is still intact. TRIN looks like it may make a push up from here. TICK is leading the way with a move down right now. Now the SPOO is continuing its move down. New congestion range is 1443.50 to 1452.00. IMO test of today's low is coming up. Bob Graham