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

To: chowder who wrote (13148)	4/5/2002 11:06:56 PM
From: Warpfactor	Read Replies (1) \| Respond to of 23153

Dabum, Those market technicals that I watch - ARMS, Daily Equity Put/Call ratio, MacLellan Oscillator all starting to make noise about being oversold. Nothing dramatic yet - ARMS now at 1.35. Don Hays pointed out a head and shoulders (inverse) under construction in the S&P500. Lets take a look: stockcharts.com[w,a]dhcayiay[d20010405,20020405][pb50!b200!b21!b10!f][vc60][iut!Ub28!Lw14!Lc20!Lc5!Lh14,3!Lf20]&pref=G A nice looking one to be sure - with double left shoulders. Let's see if it plays out. The S&P 500 has about 10 more points of downside to complete the (first) right shoulder. Had a rough time with HC, WMB, and PGO today. But I suppose nothing goes straight up in the world of equities. Warp

To: chowder who wrote (13148)	4/8/2002 7:17:22 PM
From: chowder	Read Replies (3) \| Respond to of 23153

Last week I mentioned there might be a near term bottom coming within the retail sector. Message 17276625 It appears the sector was paying attention. It has responded very nicely! stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G It would appear that certain segments of the market are fighting against a market that wishes to take them down. The S&P 100 index (OEX) now looks like it wants to get into the act for a near term bounce. stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G A little here, a little there, it looks like the way to play the market at this time is to play the bounce and rotate to the next sector. Take what the market will give! dabum