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To: bcrafty who wrote (34017)3/12/2002 1:41:29 PM
From: AllansAlias  Read Replies (3) | Respond to of 209892
 
I think we just saw the day's high on the Dow. If not, then it's a strong signal to get scalp-long imho.



To: bcrafty who wrote (34017)3/12/2002 2:10:46 PM
From: John Madarasz  Respond to of 209892
 
thnks bro...

i'll have to check on that one...but the XCI is banging up against heavy resistance, and very overbought with daily slow stochs at 5/3 , so this sector is still potentially very weak...sooner or later they will all get dragged out behind the woodshed for the beating they deserve

stockcharts.com



To: bcrafty who wrote (34017)3/12/2002 3:19:09 PM
From: John Madarasz  Read Replies (1) | Respond to of 209892
 
Do you think it might be the exception among the data storage stocks?

Just took a look for you on that...QLGC is really considered a semi stock, and thats probably why it's not moving with other storage sector stocks, try watching the SOXX to give a better read on that direction...it might be setting up in a big broad trading range, but this is my draw...that evening star might have signalled a longer change in trend...the same pattern did that to emlx, it just took a while...

stockcharts.com