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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 (34510)	9/28/2001 11:37:25 AM
From: Logain Ablar	Read Replies (2) \| Respond to of 68919

Harry & Thread: I’m still trying to call the bottom too soon but if you look @ the COMP 25 PT CHART – Used to use 50 but the comp has fallen to a low level we have a higher low and if we print one more x we are on a buy signal. I still don’t expect a V moonshoot but a slow and steady grind up with at least one more retest of the recent lows (without touching them). stockcharts.com I’ll pick on storage but most of the charts of the stocks I follow are in the tank (ignoring imnx and gold stocks). QLGC:: I still like the fundamentals and management. Note they just broke the April low & have reversed. Its safer to wait for a pull back with a higher low and then IF it prints a higher high. stockcharts.com EMLX: Just like the fundamentals and management here as well. Also like the stock buy back. TA wise by breaking the April low next support is not till around $5. From what I remember of last Q financials and cc fundamentals don’t support it going to $5 (hey how many times have I thought that and been spanked in this market) stockcharts.com JNIC & ZOOX – also in the storage space. These companies have been the last to give up the gains off the April lows. Lowering earnings on BRCD this week was the final push to the sector to have it hit the April lows (and emc helped the skid last week). Now we just have to see how the 9/11 event impacted this sector going forward. Jim - on the stops I'd rather use TA indicators vs. any 7% / 10% rule.