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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (12658)	2/25/2002 6:50:52 PM
From: Warpfactor	Respond to of 23153

Dabum, The DJIA has blasted demonstratively past its 200 DMA. I'd have to rate that bullish. But do we have a tale of 2 markets? With the NAZ still technically weak? Some of my techs look promising: stockcharts.com[h,a]ddclyyay[d20011104,20020228][pb50!b10!b21!b200!f][vc60][iUc20!Lk28!Lf!Lw25]&pref=G stockcharts.com[h,a]ddclyyay[d20011104,20020228][pb50!b10!b21!b200!f][vc60][iUc20!Lk28!Lf!Lw25]&pref=G Warp

To: chowder who wrote (12658)	2/26/2002 12:58:24 PM
From: aerosappy	Read Replies (3) \| Respond to of 23153

Thanks, dabum. I made another bearish bet on the QQQ's today with your analysis. Also, look at DHR. <img src="http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=DHR%2Cuu%5Be%2Ca%5Ddhclyyay%5Bdb%5D%5Bpb5%21b15%21d20%2C2%21f%5D%5Bvc60%5D%5Biub14%21ua12%2C26%2C9%21li14%2C3%21lc20%21lk14%5D%5BJ3265644%2CY%5D"> I sold naked calls, and will probably write more calls.

To: chowder who wrote (12658)	2/26/2002 7:04:00 PM
From: herry iball	Read Replies (2) \| Respond to of 23153

MO...the stock that won't die. Yes yes, it is the darling of anyone and everyone. But look at it historically, the last time the RSI for MO was this high was 10/30/00, and the MACD and ROC were much higher than they are now. This is overbought, and is due for a pullback. Not a downtrend, but a pullback. Both because the stock is technically in need of one, and because the DOW is ridiculously overpriced and overextended here. The only way the dow can continue onward like this is if the ndx, oex, etc. turn around and join in the happy dance the dow is doing. But there is too much technical damage to the markets for them to follow the dow so it is unlikely, and more likely the dow will correct. Just thinking out loud here, while checking charts. I may buy some cheap puts on MO just for the hell of it, but I'll definitely be buying some dow puts soon, if not tomorrow. All will depend on Greenspan tomorrow, what he mumbles, and how the spinmeisters spin the meister's mumbles. Strange market divergences (nasdaq/dow) don't stay that way for long. Any comments by the learn ed peoples on this thread are appreciated. Also, Dabum3, take a look at WMT.......nice vol and price action today, but there is an interesting divergence between price, and some of the indicators...new highs today, but MACD is making lower tops, and RSI and ROC are both lower-highs on this last move up than they were for the recent tops. Watching this very strong stock for weakening signals like these. Looking at the chart historically, it tends to drop off as quickly as it moves up, often after a strong move puts it above the BB's on a closing basis.