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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: velociraptor_ who wrote (13374)	3/27/2001 9:12:07 AM
From: Devin123	Respond to of 37746

My target for the DOW to beat was 9800 for it to run a bit. Doesn't look like we'll even break yest.'s highs now. Investors get nervous with the up/down gyrations... esp. when they're losing money. More impetus to avoid the market and keep money in bonds, CD's, and Money Markets. I think we'll test Thurs.'s lows soon enough.

To: velociraptor_ who wrote (13374)	3/27/2001 9:20:41 AM
From: mish5000	Respond to of 37746

The Futures are definitely being manipulated. For 2 days in a row now, they have been up pretty strong and stayed there for hours on end with little or no price fluctuation. Someone is determined to sucker the masses into buying stocks. All these calls of a market bottom are making me sick....IMO we have not seen the bottom, and will not do until companies that 1) trade with NO EARNINGS are trading at a fraction of the prices that people are willing to pay for them today. 2) The myth of the P/E/G is put death. How can analysts put price targets on stocks based on P/E ratios that are based on company performance 3 years down the line?? It makes me sick especially as the economy is coming to a stand still. Will continue to hold long term shorts until people wake up.

To: velociraptor_ who wrote (13374)	3/27/2001 9:21:49 AM
From: marc chatman	Read Replies (2) \| Respond to of 37746

Very nice charts on your site today. I'm thinking that the resistance on the compx at 1940 and 1960 is likely to be broken, which would be consistent with a wave C for this corrective pattern. On a break, I'd look for a possible test of the 20 day sma which is currently just above 2000. I may be a buyer of some QQQ's on any moderate weakness this morning. I'm also noticing a bullish crossover in the macd (12,26,9) for the nasdaq averages and several important tech stocks. On the next move down, I'd be looking for any new lows in the averages to be accompanied by a bullish divergence in the macd, which would give me a nice intermediate buy signal. Of course, a big drop could negate the bullish divergence, but, if we see a break above the Jan.-March down channel first, I'm thinking the subsequent drop may not be too bad. That's just my guess, and there's a lot that can happen in the next few days to make hash of my scenario.

To: velociraptor_ who wrote (13374)	3/27/2001 10:29:52 AM
From: JRI	Read Replies (2) \| Respond to of 37746

I'm looking for a situation similar to yesterday now.....COMPX breaks down channel....but doesn't have enough lift to really get over hump...and falls back in channel again... Getting up, staying up thru 1960 would be impressive....anything less, I think would lead to a selloff back into channel...I just don't think we can hang in the 1940-1960 range all day and close there.....I am thinking on adding to shorts here (getting out above 1960)...gotta admit.....COMPX looking strong today, so far...