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 : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (11338)	7/10/2001 8:25:33 PM
From: Davy Crockett	Respond to of 52237

Thanks Don! Alway helpful & insightful :) Regards, Peter

To: donald sew who wrote (11338)	7/10/2001 8:43:54 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 52237

Just to clarify possible confusion, I think you meant to say you closed your remaining USPIX (Short NDX) positions not the UOPIX long ones. Also you are NOT playing hte long side in your own account although you did open one in our site account. my limit order was hit to cover my shorts. I am now hedged long. All my shorts on calls have been closed and my only other puts are the MMMs that will likely expire worthless although it did give me some signs of encouragement today and is starting to get some life. ( I hold July 105s ) For those that don't read our site, I was short since the 3 July post but then was looking for a bounce Monday or today. I too am looking to go short again quickly soon as things line up potentially next week but am playing the long side hedged just in case things get ugly Thursday with the GE report, earnings from JNPR, AMD, RMBS and the release of the PPI. I will be closing these quickly and adding to the short side as we go up, if we go up. As I said, most of my shorts are now closed though and I just have some protective puts on my longs as a hedge. I updated the COT chart and not a whole lot to write home about. S&P shorts increased slightly, NDX shorts Decreased and DOW shorts increased. The DOW increase is a mixed signal as it was only a jump of about 500 contracts which is minor but it was also a 30% increase so it is all in how you present it. marketswing.com Commercial shorts on the dollar however are up HUGE! Just getting started on my charts so haven't had time to do much. GLOBEX is only biased negative by a hair so I would call it neutral. No major news I see as far as warnings go other than CPQ and then Double click beat by a penny with some games but then warned going forward.... From Briefing... Compaq (CPQ) 13.76 -0.44: -- Update -- Maintains Q2 outlook on earnings; but warns on revs at $8.4 bln vs. Multex consensus of $8.9 bln; will cut an additional 4,000 jobs. Compaq (CPQ) 13.76 -0.44: -- Update -- Company says Europe is getting worse; "It is now clear that the economic slowdown is spreading overseas, and we will therefore move more swiftly and go even deeper in our structural cost reduction programs."' Compaq (CPQ) 13.76 -0.44: -- Update -- Company will hold a conference call at 5:30 ET; Dial in number: 712-257-3734 Password: Compaq. ============ DoubleClick (DCLK) 12.02 -0.74: Reports Q2 loss of $0.07 a share, $0.01 better than the First Call consensus of ($0.08); revenues reported at $101.9 mln which is in line with consensus estimate; revs fell 20.4% vs. year-ago level of $128.09 mln. DoubleClick (DCLK) 12.02 -0.74: -- Update -- Company warns for Q3; sees loss of $0.06 vs. current EPS estimate of ($0.04). DoubleClick (DCLK) 12.02 -0.74: -- Update -- On conference call, management says they expect advertising weakness "through at least Q4, if not through the middle of next year." stock at 12.00.

To: donald sew who wrote (11338)	7/10/2001 8:47:40 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

The S&P Complacency Index is at 1.26 now, down from 28.6. Does that mean it'll bounce here? Not necessarily, but it's a good indication that the S&P is oversold. The previous low was 4.6 on 6/14. It was below 10 on March 21, too (6.1, to be precise). I'm surprised to see that the Nasdaq Complacency Index is at 5.7, down from Monday's 43.9. So I guess the Naz is oversold, too. It was last under 10 (at 6.4) on April 6. Everyone seems pretty bearish now. When the market's up, they're bullish. When it's down, they're bearish. But maybe the outlook really is bleak, and that everyone who was lucky enough to short IBM today (based on a rumor of a warning) will make a killing.

To: donald sew who wrote (11338)	7/10/2001 9:26:33 PM
From: donald sew	Read Replies (1) \| Respond to of 52237

JULY 10 - INDEX UPDATE correction ----------------------------------- I closed my USPIX(short-NDX) positions, and did not have any UOPIX positions. Thanks to LEE for catching it.

To: donald sew who wrote (11338)	7/10/2001 11:06:41 PM
From: coug	Read Replies (1) \| Respond to of 52237

Hi Don, Thanks for the update.. but I have been curious, how to tell when tomorrow's lows are in.(or within a reasonable time frame during the day),or when the window will shut.. And to post it before the end of the day.. <<With the CLASS 1 BUY signals at today's close, the window is until tomorrow's lows>> I also have a hourly buy, at the end of the day, going against daily and weekly "sell signals" but would like to catch as near the bottom as possible to scalp a "long" on the minis if possible.. I hate to go against my longer trends, but my hourly charts gave a fairly compelling "buy sig" for the hourly bars.. Thank you, coug