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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: dwayanu who wrote (10170)10/28/2000 5:26:09 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 65232
 
I hear you, DwayMan... gloomy outlook makes too much sense

here are some technical NazComp signals to ponder
- bigass bigass reversal on thursday, showing a Japanese Hammer bullish signal
(almost 200 pts)

- relative strength has steadily trended higher over the last 3 weeks

- evident uptrend with successive higher lows

sure, the rallies are stemmed each time
second one made it to my stated 3450-3550 target
(which was marked by 30day MovAvg)

I maintain the NazComp low has been "put in"
a NazComp low of 3070-3120 has been touched three times, each with electric responses upward

the problem is lack of Money Flow
hovering at low levels, not enough to move us up and out

agreed on two Horizon Events: Cisco and Elections
next week will be tentative, either way
/JW



To: dwayanu who wrote (10170)10/28/2000 6:13:12 PM
From: elpolvo  Read Replies (1) | Respond to of 65232
 
dwayanu dude-

your post sounds like an analyst on CNBS.

forget the trees and look at the forest. here we come into the SEASON. what season? money season.

lots of money on the sidelines. lots of retail business ahead. holidays. employee bonus money. santa. IRA funding. tax refunds.

as soon as the election takes place it's time. seven shopping days left.

scope out your best values and... gentlemen, start your engines.

-el unser