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

To: Johnny Canuck who wrote (34818)	10/19/2001 11:46:36 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 67962

[madtrader] Fri Oct 19, 7:00am PDT $DJI $COMPX As I have suggested for the past few days that option related activity has mostly been dried up. So there isn't too much to trade off on a day like this. I would expect mostly sideways action in a narrow range. Sure, there is some fear out there, but not enough for a wholesale dumping. Andn there is enough greed for some people to hang their hats on after watching some huge gains took place without them. So, best thing to do is wait this sucker out. If you must trade, keep the size small. none. [madtrader] Thu Oct 18, 1:58pm PDT $NDX.X MSFT's numbers are confusing. Saw a lot of whiplash trades right after it came out. Things have stablized now and definately tilting up. This is why I didn't want to press one direction or another today. We have breakdown in the charts, but it came so fast and furious, it got oversold on intraday basis. Had the market bounced hard today going into the earnings numbers, we probably would have sold off again. I suspect MSFT will help to tape to retrace half the distance from yesterday's top to bottom. none

To: Johnny Canuck who wrote (34818)	10/20/2001 1:21:24 PM
From: Logain Ablar	Respond to of 67962

Harry: Thanks for the amcc cc notes. Its one I became interested in due to insider buys. One must always be cautious with insider buys since they normally do not signal the bottom in the stock only that the bottom is near and there can still be another shoe to drop. In the telecom space there is still the over capacity issue. Its not just an inventory issue. Doesn't mean there are not good companies and stocks just that the sector provides a strong headwind. Tim