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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: wgmnoris who wrote (65744)	10/2/2000 5:02:06 AM
From: LANCE B	Respond to of 150070

think technically bernard hit it right on the head..that brings one more problem,with all the t/a guys knowing the same thing you have a lot of money that will be just sitting on the sides waiting to see how this all plays out... basically it means,be very selective with your money and only play short while preparing yourself and watching closely the stocks you want to go long with..

To: wgmnoris who wrote (65744)	10/2/2000 7:27:21 AM
From: ChrisJP	Respond to of 150070

Hi wgmnoris, there is definitely a lot of consensus among the T/A people. Bernard's opinion definitely fits with the others. DOW 10600 is definitely being watched for support, but I personally don't know what to make of the DOW anymore, I think the S&P 500 is more representative of the market "mood". Here's another really good T/A guy who posts his thoughts on support levels and trendlines: Message 14490552 Here is where he posts his commentary: geocities.com The fact that the NASDAQ is still above the critical 3550 support level despite such high profile warnings (INTC, AAPL) and CSCO at 55 is encouraging. It means that that there is a shift, not an exodus. It would have to take something even more significant than INTC to warn to convince people to leave the market altogether. IMO, the reason for this is that no matter what happens this month, investors believe that buying will return in Nov - Jan, like it has for so many years now. Also notice that every time the NASDAQ takes a dive, it bounces off a higher number each time. That means there is support on one of its more recent upward trendlines. Hope that helps. DISCLAIMER: WHAT THE HECK DO I KNOW ???????? Regards, Chris