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

To: Johnny Canuck who wrote (36023)	1/29/2002 12:37:17 PM
From: Johnny Canuck	Read Replies (3) \| Respond to of 67828

[madtrader] Tue Jan 29, 8:51am PST NVDA If you are still long NVDA, this is probably your last warning. After rolling over the first of the year, it bounced back 50% of the loss. And we are looking right at a classic bearish engulfing day here. These setups are extremely powerful at the end of a runup. So, if you are aggressive, this is an outright short or put. none. [madtrader] Tue Jan 29, 8:48am PST GE More on GE here. If you want to see just how sick GE's turbine division's customers are, just pull up the charts of DYN, MIR and CPN. They look like carbon copies of startup telcos of last few years. And GE's chart looks awfully similar to how CSCO behaved back in 2000 and 2001. none. [madtrader] Tue Jan 29, 8:44am PST TYC I know some of you out there may be thinking of picking bottoms on this one. DON'T! Accounting troubles is just not worth the risk. I know Jim Cramer has been a big fan of this name and even suggested that the stock should go higher (that was ten points ago) based on the break up. Well, he obviously isn't a technician and so far he is way wrong on this one, and has yet to do the mea culpa. The action thus far today may appear to be a blow off bottom, but I wouldn't at all be surprised to see it get cut in half again. none