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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (37973)	6/19/2001 10:30:30 AM
From: Jill	Read Replies (3) \| Respond to of 65232

RR did you get stopped out of JDSU? Glad I missed that one for the time being. HOw the mighty are fallen!

To: RR who wrote (37973)	6/19/2001 6:57:40 PM
From: adairm	Read Replies (1) \| Respond to of 65232

Sad news, RR, it looks like the hawks got my peachicks. The momma peahen is looking kinda sad. Next time, I'll know to catch them and help the peahen raise them in the comparitive safety of my barn. Even there a possum could still get them. Unless I build a coop, of course. My foal is shedding his foal coat around his face now. Looks pretty moth eaten! He was born a chestnut, but he will be gray. The new coat is coming in gray, so he's looking a mess right now. The good news is my 28 year old quarter horse is improving and putting on weight again after we had his teeth floated. We've been having a time getting the mare re-bred. We might miss this season. Gonna try it one more time... (I'm tring not to think about the market!) From the farm, Adairm

To: RR who wrote (37973)	6/20/2001 12:12:01 AM
From: Sully-	Read Replies (2) \| Respond to of 65232

The Nasdaq is Oversold Short-coverers and bargain hunters may prop up the market Intraday readings which combine price and volume hit levels late in Tuesday's session which favor a retest and or an undercut of the 1980 level, but this selling could easily represent a shake-out which brings short-coverers and bargain hunters into the market. The NASDAQ has a price gap created by the April 18th surge at the open. The price gap is now 1978.25 through 1941.57 and some of this gap should get filled in Wednesday's morning action. (I still believe there is a good chance that this gap will get completely filled before the end of the earnings warning season but the NASDAQ is at such extremely oversold levels that a drop in the morning should reverse and see prices close solidly in positive territory. (There is no rule that price gaps have to get filled.) The NASDAQ has immediate (intraday) resistance in the 2020-2079.30 with a focus in the 2025-2040.74 area. Next resistance is 2105-2124. Support is the price gap: 1978-1941. The S&P 500 now has support 1212-1184. Immediate resistance is 1235-1265. Reminder: These two points still represent the essence of why upside is probably limited in the short-term: 1) Stock prices are being held hostage by the next earnings announcement. 2) There are few money managers who will be aggressively putting money into the market until they see some fundamental evidence of earnings increases or an improvement in the economy. The big problem the markets have right now is that particpants want to see tangible proof that the Fed's handiwork is filtering its way into economic reports or being made apparent in increased orders at publicly-traded tech companies, and, that simply hasn't happened yet. businessweek.com Ö¿Ö