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To: AllansAlias who wrote (4482)6/7/2001 10:43:07 PM
From: pressboxjr  Respond to of 209892
 
IMO, I think that we fill the "gap" up around 2536 made back in mid Feb.

If we break that, a definite test of those highs around 2900 is in order.

Talk about the ultimate shorting op.

Gonna see how things act tomorrow before I make any decisions though. It's very possible that we "double top" around 2330.



To: AllansAlias who wrote (4482)6/7/2001 11:20:25 PM
From: At_The_Ask  Respond to of 209892
 
Sort of related to your Ameritrader index. This guy thinks the odd lotters are savvy though.
equis.com



To: AllansAlias who wrote (4482)6/8/2001 2:31:13 AM
From: Shack  Read Replies (1) | Respond to of 209892
 
I don't see the seeds of new highs in non-tech Allan. Actually, I find the NYA lagging.



To: AllansAlias who wrote (4482)6/8/2001 3:04:14 AM
From: JRI  Respond to of 209892
 
Allan, you are still looking for 3 waves (corrective) here, right, on any up.....so, from entire April-May high (best case for longs) would count as A....then we had our consolidation B.....and now comes a C....after that, we should see our down...which should be serious down...

In other words, it is unlikely that upcoming is the 3rd wave of a larger 5 count



To: AllansAlias who wrote (4482)6/8/2001 9:26:07 AM
From: UnBelievable  Respond to of 209892
 
Security Trader - Thursday June 7, 2001, 11:50PM EST

Objective comments regarding TECHS and more specifically the NDX. We have been consolidating between 1750 - 2000 since mid-April. Although many signals point toward an overbought market, the strength and trend exhibited today cannot be overlooked. We can either bounce off the 2000 resistance and turn back down OR we can penetrate it....todays strength points toward penatration of resistance. The two NEW setups added tonight VTSS and SANM are designed to take advantage of a market POP. If we do break out and it appears sustainable, we will add more setups.

I re-posted the small cap setups posted last night....see the comments Wednesday related to those setups.

TECH looks like it wants to push higher for one more POP. SOXX is pounding on the 200MA for the second time, usually leads to breakout. Computer index is in a Channel / Flag type pattern breakout at 908, measures up 100 points (whew). NDX hammering on resistance, making second approach on stick lows at 2087. Small cap stocks knocking on relative highs again here as well.

OSX (Oil Service) - Head & shoulder breakdown today.

XOI - Rising wedge breakdown.

DRG (Drug Index) - inside stick setup on Daily...above 412 (todays highs) and it has a clean shot to 422.

XAU (Gold / Silver) - pulling bcak /. profit taking.

VTSS and SANM added to setups tonight. These are both very short term setups, designed only to take advantage of a POP in the market.