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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 (34114)	9/7/2001 5:45:49 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69345

Audio from Wells Fargo conference JNPR etc ... presenting. on24.com

To: j g cordes who wrote (34114)	9/7/2001 10:31:44 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69345

NDX tested the April low. What next? askresearch.com We may have a problem here. This traders is looking for NDX 1000. That is a 30 percent hair cut from here. If traders start to pick up on this type of thinking we are in real trouble. **************************** [RumorDude] Fri Sep 7, 2:02pm PDT Rate Cut Rumors There was indeed a meeting on Sep 4 to discuss interest rates as shown here. I suspect it is likely any action to be taken from there would have been taken already. Also keep your eyes on the fed meeting schedule. none [RumorDude] Fri Sep 7, 11:53am PDT QQQ $BTK.X We'll do some cheap "out of the money" speculating on both of these here, mostly for the end of the day. Buy to open Sep 38 QQQ calls, Buy to open Sep 540 $BTK.X calls, Sell to open Sep 480 $BTK.X puts. Register for our newsletter [madtrader] Fri Sep 7, 11:46am PDT $NDX.X Could this be it? Looks like the short sellers are finally taking their profits. So I won't read too much into this first leg of the bounce. However, anxiety levels will build if they can hold the bounce. Both from people thinking NDX has done a "successful" retest of the April lows, and from those who just don't want to miss the train. You know, the April/May kind. Quite frankly, I am simply playing for a bounce here. As I don't believe old supports fail at their first try. But we are not in a bull market, and supports are only temporary. I have stated a long time ago that ultimately we will see NDX 1000.** none. [madtrader] Fri Sep 7, 11:31am PDT $DJI As confident as I am about NDX, I don't think DJI has exhausted the selling just yet. Maybe for today, but the 14 day RSI is still a bit above 30. Far from deeply oversold. All it has done is to play catch up with the selling of tech names. none. [madtrader] Fri Sep 7, 11:29am PDT Fed Humm. Funny that I am actually hearing rumors about Fed rate cuts now. This is no joke! Rumor has it that CSFB is saying the Fed has at least 3 more rate cuts to go. Or a minimum of 75 basis points! Is this an attempt to squeeze the shorts? I don't really mind, but it is kind of bogus.

To: j g cordes who wrote (34114)	9/8/2001 10:42:12 AM
From: dppl	Read Replies (2) \| Respond to of 69345

Jim, howdy - surprised you're still alive - well done. We've got a mindless bear mo mo going here just as in April (a mirror image of 15 months ago's opposite mo mo), and despite VIX and put/call signals this could be an enematic frenzy for who knows how long - at least until the index hits the old low. I agree that when it comes - just on short covering alone - we could move the averages up 8 or 9% in one day. Problem is to know when to strike. So it's a new index low or some extraneous event that will be the signal. INTC's earnings guidance didn't do it - agree with your index sell theory. Hang in there Tom

To: j g cordes who wrote (34114)	9/8/2001 12:28:31 PM
From: Johnny Canuck	Read Replies (3) \| Respond to of 69345

Jim, >>Holding long positions in VRSN, QCOM, RFMD and BRCM calls >>through weekend. just short term trading. It looks like the COMPX should bounce, see me other post on the McClellan Oscillator and percent of stock below their 200 SMA. There are a lot of spinning top candles on my watch list indicating a potential reversal is coming also. I am bought a little CORV and AVCI based on their cash positions. CORV is in the green. The entry on AVCI may have been a little too soon though as it is slightly under water. I am leaving at the end of next week for the Route 66 trip so I will probably exit win or lose by the end of the week.

To: j g cordes who wrote (34114)	9/10/2001 9:30:58 AM
From: Clint E.	Respond to of 69345

>>>>Holding long positions in VRSN, QCOM, RFMD and BRCM calls through weekend. just short term trading. Jim, you know how to pick'em... ================================== 07:57 ET QUALCOMM (QCOM) 49.18: CSFB upgrades to BUY from Hold based on firm's growing confidence in CDMA 1X as a driver for handset replacements, improving ASP's based on favorable mix-shift towards 1X and WCDMA, and pending catalysts as customers announce equipment upgrade cycles... Believes that QCOM's margin structure makes it a defensive play in the current environment of falling earnings expectations. 07:56 ET RF Micro Device (RFMD) 22.31: Wireless communications chip maker raises guidance for Q2; RFMD expects to post breakeven results on revenues of approx. $91 mln vs consensus of estimates of -$0.04 and $78 mln. Sees Q3 revenues exceeding Q2's $91 mln (consensus $89 mln). "We are seeing increased order activity and revenue growth from multiple customers and across all major air interface standards."