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

To: Johnny Canuck who wrote (35602)	12/20/2001 11:54:18 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69171

SOX and COMPX will confirm the break of the longer term up trend if they close at the lows of the day. Morning counter rally is happening now. The SOX has generated an intra-day buy signal. There is strong support at the 500 level. COMPX has a neutral signal so there is potential down side to come.

To: Johnny Canuck who wrote (35602)	12/20/2001 12:07:34 PM
From: Suresh	Respond to of 69171

Hi Harry, at this point they are both fundamental shorts. NVLS is more so than ever. My target for both AMAT and NVLS are low 30's. BTW, isn't this amazing.. all contract manufacturer's are racheting numbers down going forward but the street is blind to the component vendors.... or atleast it was until this point of time. Big players are milking this market to their best advantage. I was able to benefit a little following their big bets in options.... SEBL calls and JBL puts. Later, Suresh