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.

Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (17139)	6/5/2001 7:46:26 PM
From: Mark Johnson	Read Replies (2) \| Respond to of 30051

Larry: You asked about ABMD....now is a good entry point $25 to $26.....darn impressive action today, most sectors on the upside and biotechs like ABMD gaining attention...XLNX's bullish outlook got me interested...BRCM up 12% today my June 35 calls in the money...sheesh.....

To: TREND1 who wrote (17139)	6/5/2001 8:24:38 PM
From: ajtj99	Read Replies (1) \| Respond to of 30051

Larry, it is normal to re-trace 50% of a drop after a high, and the QQQ is right at 50% at its current level (half-way between the May low and high). The NDX has been leading this market (not surprising) both up and down. With the NDX at the crossroads, a break up will confirm another attempt at 2388 and a break down will mean we take another stab at 2057. My money's on the downside, both literally (I have June puts) and figuratively. There are too many things lined up in favor of the bears, including bullish sentiment and complacency.