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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: High-Tech East who wrote (10105)2/5/2002 2:22:03 PM
From: J.T.  Respond to of 19219
 
Hiya Ken,

Re: a break of SPX 1,050...

That is my longshot scenario...

You know.. the one where you could put $100 down at 10,000 to 1 odds against the Patsies winning the SuperBowl before the football season started started... lol

Anything can happen.. it happened on Sunday...

But I still am sticking with SPX 1,060 area the low... Potentially for the year...If my CRB 175 support premise holds...

Best Regards, J.T.



To: High-Tech East who wrote (10105)2/5/2002 8:19:23 PM
From: macavity  Read Replies (2) | Respond to of 19219
 
CSCO.

Their manipulations are massive!

I only have one thing to say about companies that go on massive acquisition hunts during bull markets, using their inflated stock as currency to purchase companies (on excess goodwill) and to reward employees in lieu of cash.
That is :-
FMO

stockcharts.com[g,a]maclyyay[p][vc60]&pref=G

It may be auto-parts but yes they are still market leaders, yes they still have positive net earnings blah, blah, blah.
There are just too many of their shares in circulation.

-macavity