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

To: Johnny Canuck who wrote (34385)	9/22/2001 1:17:31 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67928

Closing numbers Sept 21,2001: Run for the hills! The sky is falling! Triple Witching! Dow 8235.81 -140.40 (-1.68%) Nasdaq 1423.19 -47.74 (-3.25%) S&P 500 965.80 -18.74 (-1.98%) 10-Yr Bond 4.689% -0.039 NYSE Volume 2,277,335,000 Nasdaq Volume 2,591,099,000 EQUITY OPTION TOTAL EQUITY CALL VOLUME : 938,257 TOTAL EQUITY PUT VOLUME : 1,071,804 TOTAL VOLUME : 2,010,061 EPC=1.14 Triple witching today. Gap down open on COMPX. Attempt to rally after initial gap down. Rally into resistance at 1450. Pull back there after. COMPX drew a flat line esssentially after 11:30 EST. Built up energy of flat line indicates a possible strong move in either direction. Cahnce favour an up move based on oversold market condition. It is hard to find strong stock as the week suffered from earnings warnings from AMAT, LSI, EMC, ONIS, AVCI which effected storage, metor telecom, core telecom, and some semiconductor and equipment storages. Wireless rallied anticipation of increased sales in light od attack in New York. RFMD, RIMM, TQNT held up reasonable well. RSTN beat estimates, no guidance going forward. It did not hold up well as ONIS announced the morning after. Telecom carriers and oil services stock held up reasonable well. Telecom probably being look at a safe have based of cash flow and hordes of cash that they are not spending on cap ex. Oil services stocks rallied, but natural gas stocks fell on falling gas prices and sufficient gas inventories. Contract manufacturers rallied in light of JBL earnings. Indications are for impact less than normal through increase outsourcing. Toward the end of the week good news was ignored. Some stock did react to good news. RMBS rose in a falling market on INTC licensing agreement. TQNT rose initial on guidance that was better than expect. It did not last long though. Tough week overall. Dow stocks re-bounded on GE re-affirming guidance and low double digit growth. **************************** Toil and Trouble By:Adam Martin After a very volatile afternoon, the indexes made some gains in the last hour of trading to close well off the lows of the session, but still deep in negative territory. A variety of factors contributed to the volatility, but the main issues seem to be the same as they have been all week, the emotion-driven market and fears about what the future holds for the economy and for the world. Gloom and doom from corporate America added fuel to the fire, and it all amounted to a completely one sided market as very heavy volume told a tale of people eager to get out of stocks. Traders took little comfort from remarks by President Bush in his address to the nation last night, and indeed, fears of a long, costly war may now be greater than ever. Analysts, although largely confident of a recovery, say that at this point, all bets are off, and there's no telling where the bottom might be. RETAIL 11 -1.4% Edit Delete Compare DSL 6 +0.7% Edit Delete Compare DWDM 20 -6.6% Edit Delete Compare Low pSR Energy Stocks 12 -0.6% Edit Delete Compare Carriers1 7 -4.1% Edit Delete Compare Telecom Construction1 5 -4.0% Edit Delete Compare networkers1 6 -1.2% Edit Delete Compare Contract Manufacturers 5 +0.7% Edit Delete Compare Telecom Equipment 18 -3.8% Edit Delete Compare Tier 2, D-WDM 16 -2.6% Edit Delete Compare Broadband Cable 1 8 -2.9% Edit Delete Compare DOW 10 -0.9% Edit Delete Compare Internet Security 20 -3.1% Edit Delete Compare Biotechs 9 -3.8% Edit Delete Compare CHIP EQUIPMENT 13 -2.1% Edit Delete Compare CHIPS1 22 -3.2% Edit Delete Compare Clint's Financials 40 -0.4% Edit Delete Compare Genomics 9 -4.7% Edit Delete Compare Incubators 8 -2.3% Edit Delete Compare Internet Sector 14 -2.2% Edit Delete Compare Flat Panel Displays 7 -1.6% Edit Delete Compare E-Gaming stocks 7 +4.1% Edit Delete Compare Drug Stocks 15 -2.3% Edit Delete Compare RTS Biotechs 13 -4.5% Edit Delete Compare Gigabit 23 -2.1% Edit Delete Compare Oil Drilers - Deep Water 13 +2.6% Edit Delete Compare Storage 7 -7.9% Edit Delete Compare M.L. Picks 23 -3.2% Edit Delete Compare HOLDERS 12 -2.3% Edit Delete Compare 4 Q's of cash 20 -3.8% Edit Delete Compare Carriers 10 -4.3% Edit Delete Compare Wireless 6 -2.1% Edit Delete Compare Real Estate Related 7 -1.8% Edit Delete Compare Symbol Price Change Volume Bid/Ask Day Range ADCT L 3.11 0.08 (+2.64%) 12,116,500 3.04 - 3.14 2.63 - 3.25 ADTN 18.71 -0.34 (-1.78%) 522,000 16.71 - 20.06 18.47 - 18.96 AFCI 16.37 -1.03 (-5.92%) 4,702,600 15.50 - 23.00 15.45 - 17.05 ALA L 10.80 -0.60 (-5.26%) 1,323,100 10.57 - 11.35 AMAT L 29.24 -0.25 (-0.85%) 28,781,600 29.00 - 29.09 27.25 - 29.54 AMCC L 8.45 -0.34 (-3.87%) 15,079,000 8.40 - 8.45 7.99 - 8.91 ANAD 13.22 -0.78 (-5.57%) 649,900 13.25 - 14.00 12.60 - 14.05 ANDW 15.36 -0.06 (-0.39%) 810,600 15.36 - 17.30 14.20 - 15.69 ANN 23.09 -1.14 (-4.70%) 1,383,800 22.35 - 23.72 AOL L 29.85 0.60 (+2.05%) 37,266,900 27.40 - 30.00 APAT 3.00 0.00 (+0.00%) 90,700 2.96 - 3.10 2.55 - 3.25 ASYS 5.00 0.00 (+0.00%) 29,800 4.25 - 10.57 4.70 - 5.05 AVCI L 1.68 0.09 (+5.66%) 821,100 1.50 - 1.68 1.33 - 1.69 AVNX L 3.22 -0.29 (-8.26%) 696,400 3.00 - 3.38 3.15 - 3.40 AXP L 25.61 -0.59 (-2.25%) 16,416,500 24.20 - 26.90 BKB 43.38 0.00 (+0.00%) 100 41.44 - 44.12 BKHM L 1.18 -0.01 (-0.84%) 89,800 1.18 - 1.30 1.07 - 1.40 BRCD 17.69 -1.50 (-7.82%) 14,308,800 17.69 - 17.75 17.05 - 19.00 BRCM 23.98 0.32 (+1.35%) 17,946,000 24.00 - 24.09 22.43 - 25.70 CIEN L 10.54 -1.51 (-12.53%) 20,427,800 10.47 - 10.63 10.40 - 11.79 CMGI 1.09 -0.14 (-11.38%) 3,819,500 1.10 - 1.12 1.05 - 1.18 CMTN 0.90 -0.05 (-5.26%) 581,200 0.82 - 0.95 0.80 - 0.96 CNXT 8.31 -0.01 (-0.12%) 5,243,600 8.29 - 8.50 7.77 - 8.60 COVD 0.41 0.01 (+2.50%) 1,274,100 0.39 - 0.41 0.36 - 0.41 CPWR 8.61 -0.34 (-3.80%) 5,375,200 8.37 - 8.59 8.26 - 8.95 CS 20.75 -0.05 (-0.24%) 20,150,100 20.22 - 21.10 CSCO L 12.09 -0.79 (-6.13%) 132,104,000 12.02 - 12.03 11.86 - 12.70 CYMI L 17.20 -0.45 (-2.55%) 317,400 15.80 - 18.75 15.99 - 18.00 DIS 17.87 0.89 (+5.24%) 43,719,700 16.02 - 18.20 DITC L 4.23 0.07 (+1.68%) 358,600 2.65 - 4.65 3.65 - 4.39 EMKR L 10.48 -0.28 (-2.60%) 250,600 9.60 - 10.90 10.00 - 11.10 EXDS 0.46 -0.04 (-8.00%) 30,695,400 0.47 - 0.48 0.41 - 0.50 EXTR L 9.51 -0.55 (-5.47%) 3,749,100 9.31 - 9.75 9.00 - 9.90 FDRY 6.67 -0.33 (-4.71%) 2,807,100 6.70 - 7.03 6.39 - 7.03 FDX 34.45 -0.50 (-1.43%) 2,294,600 33.50 - 36.20 FFIV 11.35 -0.09 (-0.79%) 335,900 10.50 - 12.10 10.49 - 11.61 GE L 31.30 0.93 (+3.06%) 85,891,500 28.50 - 32.51 GLM L 13.15 0.40 (+3.14%) 4,249,300 11.60 - 13.36 GLW L 9.12 -0.20 (-2.15%) 9,129,900 8.61 - 9.34 GPS L 11.42 -0.28 (-2.39%) 8,456,800 11.13 - 12.05 HEII 6.67 -0.57 (-7.87%) 6,200 6.65 - 6.80 6.16 - 6.95 HIFN 9.50 1.25 (+15.15%) 124,000 8.12 - 9.68 8.00 - 9.50 IBI L 8.89 -0.36 (-3.89%) 2,003,700 8.50 - 9.20 INKT L 2.25 -0.20 (-8.16%) 2,728,500 2.25 - 2.30 2.20 - 2.50 INTC L 19.30 -1.37 (-6.63%) 116,397,800 19.25 - 19.26 18.96 - 20.75 IOM 1.12 0.00 (+0.00%) 1,574,600 1.11 - 1.13 ITWO 4.22 0.26 (+6.57%) 9,495,900 4.22 - 4.26 3.64 - 4.37 JBL L 16.15 1.15 (+7.67%) 7,284,200 14.00 - 17.75 JDSU 5.36 -0.36 (-6.29%) 37,456,800 5.33 - 5.36 5.15 - 5.84 JNJ 52.24 -0.11 (-0.21%) 16,859,600 50.20 - 55.00 JNPR 11.10 0.15 (+1.37%) 15,954,400 11.14 - 11.22 10.30 - 11.25 KOPN 7.30 -0.50 (-6.41%) 1,040,200 7.25 - 7.75 7.25 - 8.12 LU 5.32 -0.43 (-7.48%) 36,137,800 5.25 - 5.96 MCDT L 9.87 -1.23 (-11.08%) 1,511,600 9.50 - 10.05 9.58 - 11.10 MER L 37.65 1.64 (+4.55%) 12,784,800 33.50 - 38.00 MERQ L 19.74 -0.35 (-1.74%) 4,491,900 13.00 - 20.00 18.59 - 20.46 MONI L 0.70 -0.04 (-5.41%) 1,307,500 0.68 - 0.71 0.64 - 0.74 MOT 14.92 0.32 (+2.19%) 14,583,000 13.56 - 15.04 MRVC 2.70 0.17 (+6.72%) 891,900 2.67 - 2.74 2.32 - 2.71 MRVL 16.45 -0.33 (-1.97%) 1,709,600 16.25 - 17.90 14.78 - 16.60 MSFT 49.71 -1.05 (-2.07%) 92,492,600 49.26 - 49.41 47.50 - 50.60 MTZ L 4.72 -1.18 (-20.00%) 1,167,500 4.30 - 5.10 MWD L 40.08 2.46 (+6.54%) 10,189,900 35.75 - 40.75 NE 25.70 2.00 (+8.44%) 2,975,800 22.88 - 25.89 NEWP 13.74 0.28 (+2.08%) 1,726,700 13.35 - 14.20 12.30 - 13.87 NT L 4.98 -0.10 (-1.97%) 19,085,800 4.76 - 5.50 NUFO 2.80 0.52 (+22.81%) 1,228,300 2.71 - 2.94 2.20 - 2.85 NVLS 28.55 0.55 (+1.96%) 14,545,700 28.49 - 28.55 25.84 - 29.07 ONIS L 4.99 -3.38 (-40.38%) 23,985,900 4.77 - 4.79 4.15 - 5.10 OPWV 12.51 -1.18 (-8.62%) 7,549,600 12.52 - 12.74 12.50 - 13.54 PHTN 24.04 -1.47 (-5.76%) 324,600 21.86 - 26.03 23.29 - 25.01 PMCS L 14.96 -2.20 (-12.82%) 21,610,800 14.95 - 15.00 14.55 - 16.40 PSFT 20.24 0.25 (+1.25%) 15,914,600 20.20 - 21.00 18.13 - 20.88 Q 19.00 -0.56 (-2.86%) 10,621,700 17.00 - 19.23 QCOM 44.89 -0.65 (-1.43%) 22,638,200 44.60 - 44.64 42.80 - 46.00 RFMD 19.89 -1.98 (-9.05%) 14,297,800 19.98 - 20.00 19.31 - 21.45 RIG 27.05 0.65 (+2.46%) 4,420,000 25.25 - 28.09 RMBS 7.79 -0.35 (-4.30%) 3,573,900 7.73 - 7.87 7.25 - 8.12 RNWK L 3.34 -0.37 (-9.97%) 2,863,100 3.32 - 3.49 3.26 - 3.69 SCH L 9.50 0.56 (+6.26%) 11,183,100 8.13 - 9.88 SCMR L 3.77 -0.19 (-4.80%) 2,210,200 3.60 - 3.75 3.55 - 4.00 SDC L 20.63 -0.37 (-1.76%) 1,726,300 18.99 - 21.00 SEBL L 13.33 -0.67 (-4.79%) 17,162,700 13.35 - 13.40 12.70 - 13.98 SHOO 9.01 -1.89 (-17.34%) 1,946,700 8.55 - 11.02 7.45 - 10.03 SONS L 5.54 -1.22 (-18.05%) 16,539,900 5.30 - 5.36 4.41 - 6.05 SUNW L 7.96 -0.51 (-6.02%) 96,216,700 7.98 - 8.00 7.52 - 8.29 SVGI 34.76 0.00 (+0.00%) 100 34.51 - 34.85 33.30 - 35.64 TDW 26.75 1.42 (+5.61%) 1,303,100 24.90 - 26.80 TER L 20.10 -1.07 (-5.05%) 4,043,800 19.06 - 20.50 TLAB L 9.70 -0.59 (-5.73%) 10,363,200 9.47 - 9.64 9.56 - 10.30 TQNT 18.08 -0.94 (-4.94%) 5,535,800 17.85 - 18.45 17.75 - 19.94 TXCC L 3.94 -0.27 (-6.41%) 2,398,300 3.88 - 4.74 3.68 - 4.18 UTEK L 13.01 -0.71 (-5.17%) 228,200 12.85 - 26.00 12.81 - 13.37 VERT L 0.44 0.00 (+0.00%) 1,034,900 0.37 - 0.47 0.36 - 0.45** VTSS L 8.75 -0.17 (-1.91%) 6,692,700 8.55 - 8.69 7.94 - 9.18 WIND L 10.40 -0.79 (-7.06%) 642,700 7.00 - 10.90 10.15 - 10.78 YHOO L 8.68 -1.29 (-12.94%) 12,975,300 8.66 - 8.72 8.50 - 9.40

To: Johnny Canuck who wrote (34385)	9/22/2001 2:18:34 AM
From: Lachesis Atropos	Read Replies (1) \| Respond to of 67928

Hi Harry Upgrades to BLS, VZ, and SBC caught my eye. If these companies start spending again we might have a sustainable rally. In the mean time, I am counting on another 1.5 - 3 weeks of selling. Then a big rally in October - one like in April - a short squeeze. On Thursday, 9/20, CNBC commented on the amount of short selling that occurred this last week. A bear trap is being set. Over the next 3 weeks, if media reports of significant US activities abroad then all bets are off for a squeeze. The bears will have a chance to bask in their wealth. The markets need a few weeks of peace and quiet for investor hope to trickle in springing the trap on the bears.