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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Alex MG who wrote (78379)	6/11/2001 1:59:18 AM
From: bobby beara	Respond to of 99985

stockcharts.com[m,a]daclyimy[pb50!b200][vc60][iUb14!Le12,26,9] after the volume spike-gap in early april on the surprise fed rate hike, each successive try at new highs has been on lower volume and follow by a bearish candlestick pattern, intimating distribution, not that the bullz have taken control, is it a base or is it distribution, only arch crawford's hairdresser no's fur shure -g- b

To: Alex MG who wrote (78379)	6/11/2001 8:23:01 AM
From: t2	Respond to of 99985

So the reason for the bad reaction to the JNPR warning was mostly due to a trading halt on the NYSE (maybe a conspiracy?!), and didn't have much to due with the fact that JNPR had to slash earnings from $0.24 to $0.09, Rev from over $300M to $200m and cut 10% of the workforce, and tomorrow may be bullish due to an early morning cackling by MariaB on Bvision?, that's the bullish case? No, I am not really say that..I am just saying that it could have been a bit of a factor. My point is that JNPR is in a bad sector and don't see how people could be suprised by the JNPR warning. Nortel was hitting 2 year lows and Lucent has been trading near the lows for a long time. Cisco starting to apply pressure to this company as well. If this was a warning from a company like Microsoft, I see see a big reaction as that would be a surprise. I have to say that the warning did not surprise me at all and I bet there are lots of others who expected the same thing...and that is why I believe the halt may have been a bit of a factor. I thought it would stabilize at about 40. Today, JNPR got downgraded (a bit late) but we should get a chance to see the market reaction. Actually, I was bearish on JNPR even though I was bullish on technology stocks in general. Would I buy it here....Not as an investment. Might consider trading it soon.