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To: Think4Yourself who wrote (6375)	8/1/2001 1:32:52 PM
From: chowder	Respond to of 23153

Johhny Q! I'll need to wait until tonight to give my opinion on KLAC. When using candlesticks, it's the open and closing price that dictates the pattern. Offhand though, you have some resistance at 60.80 - 61.00 where I would expect some profit taking. If KLAC doesn't break through 61.00 on decent volume, it'll probably drop back. I'll check in later with a candlestick reading. dabum PS - The brokerage houses are using inference to move the prices up. This is their last opportunity to make money on the long side before the doom and gloom of September and October. Save some cash to short the market!

To: Think4Yourself who wrote (6375)	8/1/2001 2:09:49 PM
From: Gottfried	Respond to of 23153

John Q., KKD MACD doesn't show oversold yet, but KKD has an engulfing white candle today, so covering was a good idea. stockcharts.com[w,a]daclyymy[d20010401,20010801][pb50!b200][vc60][iUb14!Ul14!La12,26,9!Lf!Lj[$spx]] Gottfried

To: Think4Yourself who wrote (6375)	8/1/2001 6:59:44 PM
From: Warpfactor	Respond to of 23153

<<Well, you and Warpfactor have been right on with your TA, so I covered my KKD short>> Thanks for compliment, JQP. As I mentioned in a previous post, I do not always take action on these signals because I cannot seem to make money off of them lately - was creamed during the month of July. However, whats remaining in my portfolio has moved up nicely in the past week and I've got positive YTD gains again. Like you, I have really curtailed my trading with only 2 or 3 buys in the past two weeks, probably twice as many sales. Better watch it or I will lose Schwab frequent trader status and the $14.95 commissions that go with it. Don Hays bullish as ever for the near term. Don't know what his timing model is telling him, but he has not backed down on his call that the DOW will see 12500 and the NASDAQ 2600-2800 soon. To "cover this base", I'm using SPY as my money market fund so I can participate in any gain. Should the S&P 500 tank instead, I will go down with it, but realistically what is the risk - 20% downside?? A walk in the park for energy and tech traders. Warp

To: Think4Yourself who wrote (6375)	8/1/2001 9:16:42 PM
From: chowder	Read Replies (1) \| Respond to of 23153

Johnny Q! Re: KLAC ..... The candlesticks are looking good with KLAC, as is the volume. I see some troubling aspects though and it's the result of my analysis, not anything market specific. stockcharts.com[h,a]daclyymy[pb50!b200!b25!b9!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3!Lc20!Ll14] I mentioned the resistance levels earlier today. ( 60.80 - 61.00 ) Isn't it interesting that KLAC didn't test these levels? The bears gently but firmly pushed it right back down to a more comfortable level. The sticks indicate to me that the bulls are regrouping and will try another assault at the 60.80 level unless some negative news regarding the market comes out before the open. The stock is overbought according to the Stochastics, which usually warn first, but has a little ways to go before being overbought on the Relative Strength Indicator. (Isn't it odd how KLAC becomes overbought on the RSI when the resistance level is achieved?) Watch the volume! It will take heavy volume to keep KLAC in the overbought range, otherwise you'll see a lot of profit taking, in my opinion. The Stochastic Indicator has two lines, the %K (the faster line, and the %D (the slower line). The %K line looks to be turning down. This is odd in the face of such heavy volume. Well, it isn't odd actually when considering the condition of the market. It's indicating to me that some people are taking profits prior to the RSI hitting 70. Evidently, a lot of folks don't have confidence that KLAC can stay overbought. Look for the bulls to assault the 60.80 - 61.00 resistance line in the AM. If they achieve it, watch the volume. Hitting 70 on the RSI with increasing volume means the mo-mo players are coming! The bulls will have a field day, the bears will be roasted for dinner if the volume shows up. dabum