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


To: RR who wrote (11440)11/3/2000 11:31:46 AM
From: Jim Willie CB  Read Replies (3) | Respond to of 65232
 
shorterm TA on the JDSUniphaz/ SDL pair (bullish)

got an inverted triangle formation in each stock
we got parallel behavior
these guys are joined at the hip

check for yourself if you can produce a 10-day chart
SI has them, just request with a click on say (20 min chart)

JDSU:
top line at 82 touched several times since reporting earnings
bottom impulse at 65 the day of earnings
successive lows are sloping upward
now we have today showing very very tight range, 2-3/16 pts
it is battling it out toward conclusion very soon
got 17 pts of potential
target is 82+17=99

the gap is still 82 to 94
so the triangle shows pressure building, to jump the sumbitch gap
relative strength is maintaining neutral
but daily stochastics (endday closing) is strengthening

SDLI:
ditto with 262 top, 200 low
potential of 62 pts
target is 324
gap of 270-315

with a strong Naz, analcyst upgrade, recovery of FibOpts
it can and should happen soon
I like to say "in two days or two weeks"
we will see
/ Jim