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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (518)	4/20/2001 12:47:10 PM
From: Perspective	Respond to of 209892

Final update for today, off to work. I'll be doing homework over the weekend. STOCKS THAT ARE AT RESISTANCE: ONIS - struggling with it's big downtrend TL, and extremely extended. VRTS - at channel top. VRSN - extended, fighting TL. GE - extremely extended and at the TL for the whole down-move. Shouldn't crack this on the first attempt. Its break of the falling channel a few days ago was a major signal that this corrective move was of high degree. Also at a couple areas of congestion. AOL - reapproaching base failure on weeklies; good r/r setup. SMMX - at horizontal resistance, quite extended. MERQ - big TL looming, horizontal resistance coming into play, extended MVSN - met TL, and horizontal resistance looming just above for insurance ORCL - approaching overhead resistance, and very extended; PE = 50 for no growth, go figure. CIEN - at channel top, horizontal resistance STOCKS THAT ARE EXTREMELY EXTENDED: RFMD!!! TQNT - LOL! LRCX NETE MRVL BEAS AMCC CCMP PMCS QLGC AMZN KSS - 50% retrace of move down from top complete SCH BULLISH FORMATIONS AND SHORT WARNINGS: T !!! I'm watching for a breakout of that base at $25. BRCD - nothing but air above right now. IMO better risks elsewhere for the time being. INKT?!? Downtrend breached, resistance cleared!!! Would wait to see if today sticks, though. Strongly suspect it is short-covering related, and likely to die when the pressure comes of the shorts. BC