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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (5192)11/13/2001 1:34:02 PM
From: Sully-  Read Replies (1) | Respond to of 99280
 
Perhaps this run is getting a bit long in the tooth..........

* 13:22 ET Technical Levels : Two large cap technology bellwethers approaching notable price points. Cisco Systems (CSCO) is edging up towards 20.00, currently trading at 19.86 -- Intel (INTC) is edging towards 30.00, currently trading at 29.85.



To: Zeev Hed who wrote (5192)11/13/2001 1:38:17 PM
From: Justa Werkenstiff  Read Replies (2) | Respond to of 99280
 
Sox has not set new post recovery highs today to confirm Comp. move -- yet. Came close.



To: Zeev Hed who wrote (5192)11/13/2001 1:38:56 PM
From: ajtj99  Respond to of 99280
 
Volume is high (running at a rate of 2-Billion shares) but not the kind of volume you'd expect on a breakout. Like you said, new highs are now at 54, which will change if we get to 1920 or so.

This broadening top looks much like the chart last Thursday. The intersting thing is that we've gone up over 50-points, but only 20-points after the initial gap-up. That's not too terribly impressive for a new "bull market".

It does whip-saw things a bit, but that's the fun of this market.