Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: j g cordes who wrote (35964)	1/22/2002 1:29:30 PM
From: Johnny Canuck	Read Replies (3) \| Respond to of 69307

Hi Jim, Aren't we getting to the time of year where the retailers are seasonal weak? After the jump in sales usually associated with Christmas sales, there is usually a lull till spring fashions come out. Technically, the COMPX has generated a buy signal. Unfortunately, the SOX is not generating a similar signal and indicates there is more downside. At this point I can't see a catalyst for the market to reverse in a significant way. I can only see some weak bounces within a newly established down trend.

To: j g cordes who wrote (35964)	1/22/2002 1:43:53 PM
From: Johnny Canuck	Respond to of 69307

[madtrader] Tue Jan 22, 8:27am PST TTWO I think it will just be a matter of time people starts focusing on this one as well. Their books is just a mess. Chart wise it si still holding okay. A break of 17.40 would be a short or put trigger. none. [madtrader] Tue Jan 22, 8:25am PST PSFT What took them so long? Last week I suggested that PSFT is a great short due to potential accounting concerns (masking their development cost). Plust the chart was showing obvious breakdown. I guess in this post ENE world, people finally wised up to accounting issues equals sell! I think the really selling has just started on this one. As ADX picking up steam and MACD crossing below zero line. short PSFT. [madtrader] Tue Jan 22, 7:36am PST KM AMZN Who would have thought a year ago that KM would be chapter 11, and AMZN actually turns a profit in a recession? Anyway, KM really isn't a stretch. A few weeks ago, the bonds of KM has well telegraphed their demise. As I have suggested here. AMZN is doing a nice technical breakaway gapup in a lousy market. The move isn't exhausted yet. I would think this move took out the recent horizontal resistance. But for those who don't like to "chase" moves, a call is worth the shot here. Buy to open AMZN Feb 10 calls.