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

To: Johnny Canuck who wrote (36291)	3/1/2002 12:26:34 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69854

[madtrader] Fri Mar 1, 8:10am PST NTAP EMLX For those who are interested in tech names. These storage names had very good relative strength since September (Not EMC). They are again showing nice positive divergence in this most recent low. I would expect these two to lead the way. long EMLX, NTAP. [madtrader] Fri Mar 1, 8:06am PST Market We are at key levels here. QQQ is back near the 35 line, which is 50% retracement on the daily chart, DJI is near 10250 a resistance level it has tried several times in the past few weeks. So I would expect things to settle down a bit, and lunch time is coming too. I am taking my gains off the table on a host of tech names here. And wait for a pull back. none. [madtrader] Fri Mar 1, 8:01am PST TMCS Looks like it wants to breakout of the "W" formation it's been in for the past month. As Barry Diller disclosed his grand e-commerce plan today. Whatever, Mr. Diller. If you can lift your stocks up enough and use them as currency while the rest of the dotcoms are in the tank, you win. Technically, this is the start of the new leg up. long TMCS. [madtrader] Fri Mar 1, 7:48am PST QCOM UTSI CCMP These three, and I am sure there are tons other tech names are showing positive RSI divergence on their daily charts. If you want to bottom fish. This is not a bad place to start. I think this rally will catch most people by surprise. long UTSI, CCMP