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

To: JRI who wrote (16187)	4/13/2001 2:02:00 PM
From: Jimbobwae	Respond to of 37746

JRI-Interesting scoping on the prices of the high-flyers, Here are the current targets I am looking at that are the standard Fibo Retracements from the January high (2892) to the March Low (1619) Retrace/Bounce Target 24%/1919 (We passed this one) 38%/2105 50%/2255 62%/2405 79%/2619 I note that several of your stocks mimic these in your analysis: For those 7 stocks mentioned, for November, the range was from 53% (JNPR) to 79% (CHKP), and for January, from 43% (JNPR) to 74% (CIEN).... Since the up move started Wednesday a week ago, the range is 63.25% (CIEN) to 95% (BEAS) I'll leave it to Velo and Marc to suggest the EWaves that work toward similar targets (If I understand this theory correctly) On a related note, I found that my views became too micro focused this past week even as Sharck called the turn in the market. I am now making sure I use a big picture view to confirm these events. For example: S&P500:http://www.bigcharts.com/intchart/frames/frames.asp?symb=comp&time=8&freq=1 COMP:http://www.bigcharts.com/intchart/frames/frames.asp?symb=comp&time=8&freq=1 Both show a strong Stoch spike bottom from last week. I became too wrapped up in the downward momentum and was unprepared for the inevitable rebound. It would have been nice to be prepared for at least hedging some bounce in CIEN, BEAS & JNPR. Its all obvious 20/20 now, but another good lesson in being prepared for change. Seems like we are ready to correct this current move next week and will determine if it continues upward.