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


To: Johnny Canuck who wrote (34124)9/8/2001 3:03:45 PM
From: Return to Sender  Read Replies (1) | Respond to of 69344
 
Harry, you follow the Fiber Optics stocks more closely than I do could you help Keith (Lemonhead) out with an opinion on JNIC?

stockcharts.com[m,a]daclyymy[pc13!d20,2!i!a1875][vc60][iLc20!La12,26,9!Lw25!Lk14!Lf!Ld20!Lg!Lp14,3,3]

finance.yahoo.com

It looks like the group has bottomed as you previously mentioned. This stock definitely is showing strength despite the continued weakness in the market the last week.

RtS



To: Johnny Canuck who wrote (34124)9/8/2001 3:06:51 PM
From: j g cordes  Read Replies (1) | Respond to of 69344
 
Harry, are you bringing a laptop to plug into the net enroute, or a wireless internet connecton?

It seems many are placing small bets this is a bounce trade opportunity. I'd have thought you'd try AVNX instead of AVCI?



To: Johnny Canuck who wrote (34124)9/9/2001 11:49:01 AM
From: xcr600  Read Replies (2) | Respond to of 69344
 
In a sense, could a case be made that we are already below April's lows without realizing it? Consider that if MSFT was at a 52wk low the naz would definitely be making new lows. Hard to see a case nearterm for msft to sell off another 15+ pts, especially with Xbox and XP in the pipeline.

One other thought, hundreds of stocks have been delisted from the naz since April. These weak stocks are no longer around to help drag the composite average lower during this wave of selling. Should it be expected that the bottom #'s (new lows, trin,etc) this time equal or surpass the previous bottom?

Just some random thoughts...