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 : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (7592)	6/13/2001 5:11:02 PM
From: craig crawford	Read Replies (1) \| Respond to of 57684

why not hedge your portfolio with some shorts or diversify with some longs away from tech?

To: Bill Harmond who wrote (7592)	6/13/2001 6:25:41 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 57684

Looks like a technical breakdown in networking. Could be the mirror of last summer when telecom equipment went on to all-time highs.<< Bill the Xtc( telecom index) is the worst looking index dangerously bearish looking on the longer term basis. And the telecom indexe didn't make new highs last summer. March 2000 was the top for most of these indices and thru the summer the indices were in a topping out process. Please don't say that this is a mirror of last summer's, because if it's, we'll be dead meat Bill. The Nwx and Xtc broke as serval weeks ago out of a rising wedge and could test there lows again because of lousy fundamentals. Other indices have and now the Bio's broke down too...it'll all put some pressure on these markets, It would not be surprised to see many new lows in the telecom and networking sectors. Hell Bill the Xtc has a long term picture that's bleak and the technical measurement down on the telecom index is to 510-520. There 're is a major support near 790 before the potential larger H&S measurement is hit, 510-520. Be very suspect of Nwx and Xtc and i'm not fooling!!!! It will sort out as long as my guys report well (hopefully). << Bill when the tide goes out, it lowers all boats as they say. I hope it does too, just saying some caution is preudent in here near term. We need to hold Spx 1235 or the( hopefully only short term) downward trend continues. Markets are in funcky mode Bill stay cautious near term.

To: Bill Harmond who wrote (7592)	6/13/2001 7:50:07 PM
From: Mark Fowler	Respond to of 57684

clearstation.com Bill i like to watch this chart that top line turns red and the MACD line breaks down then i'd watch it close. I like to use this as one tool for help at times, now since the the Monthly chart ( long term trend) went negative. Btw, i think the Naz looks good can it retest? I'm sure it could. I still have a positive looking chart on Spx with a longer term measurement up to approx.1465. i think the Spx will hold up well, then most other indices should follow.

To: Bill Harmond who wrote (7592)	6/13/2001 9:08:23 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 57684

Bill remember how yesterdays volume looked on your screen it went blank for couple of hours, no volume. Have you seen this before? i remember seeing that once before it was last September.

To: Bill Harmond who wrote (7592)	6/15/2001 9:59:26 PM
From: Mark Fowler	Read Replies (3) \| Respond to of 57684

Bill lay low guy, nothing we can do about it right now. I see further damage in our markets. Industrial Production fell 0.8% in May, much weaker than the -0.3% consensus estimate; capacity use was also much lower than expected as a result, at 77.4% vs expectations of 78.0%. These figures indicate that the manufacturing sector recession continues and is perhaps even deepening. CIENA Corp (CIEN) 40.90 -3.77: -- Update -- Merrill Lynch cuts FY02 EPS estimate on CIEN to $1.00 from $1.18, and on Tellabs (TLAB 23.85 -1.86) to $1.55 from $1.79. Also takes down estimate of growth in terrestrial optical networking industry from 15% and 29% for 2001/2002 to 0% and 5% on heels of JDSU/NT warnings.