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

To: StockOperator who wrote (41128)	1/19/2001 1:24:44 AM
From: HammerHead	Read Replies (1) \| Respond to of 42787

I have being bullish since Jan. 8 on tech stocks and enjoyed the nice run. Now the big guys earnings have come out, I feel the ripple coming. I agree, I will sell at gap up tomorrow and won't look back for a few weeks. The constant rolling blackouts in California will definitely hit hard on many techs, talking about productivity.

To: StockOperator who wrote (41128)	1/19/2001 1:32:26 AM
From: Jack T. Pearson	Read Replies (2) \| Respond to of 42787

StockOperator, I greatly appreciate your timely remarks. Most of the stocks I follow are at the top of their Bollinger band or are showing resistance at the middle of the band (JNPR) where they have turned back several times in the past. Several of them appear to have hit resistance today. The rest will hit the top of their Bollinger band tomorrow on any significant gap up. The S&P 100, NDX, and Nasdaq all hit, or with a gap up will hit, both their 50 day moving average and the top of their Bollinger bands. The last two times this happened they were turned back and reached lower lows. Will this time be different? Things could continue up for few more days, but I suspect not. I will set stops tomorrow--a point or two below the opening price in most cases. I may also buy USPIX shares if the turn is obvious during the day. My reading of the charts is that a strong downward movement is more likely than sideways basing. On the fundamentals side, several of the high P/E stocks have posted very good earnings in spite of the drop in earnings in many other tech stocks. I think that, in addition to the Fed's vigorous change of direction, have produced the rally of the past two weeks. It will be interesting to see if these high P/E stocks with good earnings lead or trail during the next correction. If they lead, it may signal lower lows are coming.

To: StockOperator who wrote (41128)	1/25/2001 2:48:14 PM
From: StockOperator	Read Replies (1) \| Respond to of 42787

We are beginning to see some of the damage in prices for some of the stocks that I mentioned the last time I posted. Stocks like SDLI, ORCL, JDSU, KEI are just a handful of stocks that are going to have significant pressure breaking out here. While other stocks like NTAP and ADCT are breaking down after a weak attempt at a rally. These two stocks are adhering to downward trendlines established many months ago. Which tells me that the correction (bear market) is not over for techs. If I am correct you will also see companies like IBM which gapped into this recent run give back much of those gains heading into the FOMC meeting. Good luck trading. SO