Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (101695)	5/11/2001 7:36:23 PM
From: robnhood	Respond to of 436258

I think so. They ran them up a couple of days ago on the euro rate cuts, and by the close they had faded to unched. IMHO, that was a preview of the fed's gift on Tuesday. It might take a while to sink in , but they seem to have stopped their advance.

To: flatsville who wrote (101695)	5/11/2001 8:26:03 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<You seeing what looks like roll overs (eyeballs only) on daily and weekly compx and spx?>> The compx certainly could be, especially on the weeklies. It banged it's head on the downtrend line connecting the highs from early September and late January (measures about 2200 now). stockcharts.com[l,a]waclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lg] On the dailies its a bit less clear, we could be in a trading range between 2000-2220 or so (sitting above the gap on April 18th). The SPX dailies looks quite similar to the COMPQ, with the range from 1200-1270. The SPX didn't quite get to its downtrend line on the weeklies (it sits at about 1300 now). Also we made a lower low on this week's stick in the COMP and not in the SPX. All this suggests the Nasdaq is further into its rollover, and we may get rotation from the COMP into the Dow/SPX type stocks for the next couple of weeks. Then we'll be into preannouncements, and perhaps both will start to drain after options expiration. All MHO, of course. Regards Patron