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

To: j g cordes who wrote (34085)	9/6/2001 4:10:57 PM
From: Johnny Canuck	Respond to of 69786

Another perspective from rumordude.com I could not get on to the CBOE site intra-day. Is anyone else having the same problem? SI is extremely Sloooowwww too. It is getting pretty hard to use. ****************[madtrader] Thu Sep 6, 10:01am PDT $VIX.X $VXN.X $SPX.X $SOX.X $NDX.X MSFT $DJI Both volatility indices ares spiking today. I do believe the April lows will serve as decent support this time around. I am not sure DJI will get down to the 9100 level, but for SPX 1080, NDX 1350, or SOX 490, we are almost there. As we get closer to those levels, it is too "late" to press on the short side. If anything, one should get more bullish for the bounce that IS coming. So, when DJI ticked down 200, I am adding to my long exposure. I do believe, as I mentioned yesterday that MSFT will be the catalyst, and the key level to watch is 59. A break above it will ignite the bulls. I am also seeing some institutions lining up to be on the bid side as well. long a heavy load of QQQ calls. [madtrader] Thu Sep 6, 9:17am PDT $NDX.X QQQ I might be early. But NYSE TRIN and Nasdaq TRIN both getting above 2 right now, there is tons of bearishness pricing in ahead of INTC's mid-quarter meeting. NDX is sitting right near yesterday's lows. So we do have a small double bottom here. So I am scaling my way back in the calls again. long QQQ Sept 33, 36 calls. [madtrader] Thu Sep 6, 6:54am PDT $SPX.X $NDX.X Needless to say the MSFT "news" really suckered a bunch of people yesterday. At this point, despite the massive volume day yesterday. The market needs to at least retest the lows set yestereday. The problem we do have is whether buy the next dip or wait till some kind of turn around. I suppose we will just have to watch our signals.

To: j g cordes who wrote (34085)	9/6/2001 4:12:10 PM
From: j g cordes	Respond to of 69786

Gabelli ups Leap Wireless stake By Leticia Williams, CBS.MarketWatch.com Last Update: 4:00 PM ET Sept. 6, 2001 WASHINGTON (CBS.MW) - A group led by Mario Gabelli, of Gabelli Asset Management, increased its stake in Leap Wireless International to 6.73 percent, according to a filing with the Securities and Exchange Commission. The investors currently own about 2.5 million shares in the wireless telephone services company. The group bought the shares between July 25 and Sept. 4 for $9.5 million, according to the filing. Prior to the stock purchase, the group had owned 1.9 million shares, or a 5.67 percent stake in the company. Shares of the San Diego-based company (LWIN: news, chart, profile) fell $1.06 to $15.07 in recent trading.