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

To: dlu who wrote (35749)	1/7/2002 12:57:19 AM
From: Johnny Canuck	Respond to of 69358

[madtrader] Fri Jan 4, 2:25pm PST INCY AFFX CEPH IDPH Here are the four names that held up the best during this week of biotech selloff. By looking at the charts of INCY,AFFX and CEPH one could hardly tell there was a correction in the sector this week. long IDPH. [madtrader] Fri Jan 4, 2:21pm PST BBH I think the panic selling (or pissed off selling) no thanks to IMCL is coming near the end. Yesterday I was concerned about AMGN breaking below the key support of 55, and the stock did just that. But my gut feeling suggest that it was a bear trap. Look at it this way, since I believe BBH is the leading indicator for Nasdaq and tech in general (for the next decade). A broken BBH would certainly spell trouble for NDX, and my bullish thesis will be out the window. Based on the massive volume today in all leading biotech names, I believe we have seen at least a short term blowoff bottom. A classic pattern one can spot easily with candlestick charts (the key is the volume). I would expect the group to retrace at least 50% of the losses this week in the next few trading days. So, for the nimble traders, come early next week as the focus shifts towards earnings again, there will be some compelling trades. none. Register for our newsletter [madtrader] Fri Jan 4, 2:17pm PST HAL I guess we can indeed look forward to another big time bankruptcy in the near future. RHI (an Australian concern) just filed for chapter 11 due to asbestos litigation. HAL can't be too far behind. Won't touch this one with a ten foot pole. none. [madtrader] Fri Jan 4, 2:01pm PST KKD After the market closed, one of the end of day short scans I ran jumped right out at me. KKD has been dropping all week. I suppose profit taking is turing into real selling. The stock closed near the lows with the highest volume for the week. Not a good sign. Not only do I believe longs should be sold, this one is setting itself up as a good short. none. rumordude.com

To: dlu who wrote (35749)	1/7/2002 3:13:42 PM
From: Johnny Canuck	Respond to of 69358

[RumorDude] Mon Jan 7, 11:10am PST $BTK.X JP Morgan has a big biotech conf this week which usually gets some buying interest early on and then sells off towards the end of the week. We'll give this a whirl on an otherwise "bounced from support" chart. Just under 600 would be the top of the downtrend starting in early December, so we'll look to whack the low end of this trade quick. Buy to open Jan 580 $BTK.X calls, Buy to open Jan 600 $BTK.X calls. [madtrader] Mon Jan 7, 10:00am PST QQQ Time to go long QQQ for a daytrade here as the trend is starting to reverse. long QQQ. [madtrader] Mon Jan 7, 7:36am PST NEWP Breaking above 200 DMA. Should have more room to go. none. [madtrader] Mon Jan 7, 7:36am PST CMVT Finally breaking free. Starting the run towards 200 DMA now. already long.