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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (33806)	8/27/2001 3:51:46 PM
From: Return to Sender	Read Replies (1) \| Respond to of 67677

While I don't disagree with you entirely Clint I do not think we will be testing ~1800 until the SOX runs out of steam. That seems unlikely to me until the SOX tests the upper end of its current trading range at 650. I will be back in a minute with more evidence that Windows XP is driving memory chip sales even as it barely leaves MSFT headquarters. RtS

To: Clint E. who wrote (33806)	8/27/2001 4:15:59 PM
From: shasta23	Read Replies (1) \| Respond to of 67677

Still above the 21EMA on the 30min scale on the NAZ but the DOW broke through it. If it gaps down tomorrow it will leave all the people stranded who bought into the range that formed after the morning run up on friday. That should be an efficient way to separate some people from their shares. Other scenario is: After the pole the DOW made a flag with a consolidation close to the high...take your Pick! There is no real conviction in this and so we are playing cat and mouse games. The NAZ shows evening star in the 60 minutes chart and a shooting star on the daily...topping patterns that need confirmation. We might still have another day in the NAZ since we haven't reached the descending daily 20EMA. But we failed at the first attempt to break back into the descending wedge.