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

To: Johnny Canuck who wrote (36747)	4/12/2002 3:40:56 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68247

Already long a big wad. [madtrader] Fri Apr 12, 11:34am PDT Ascending Triangle AAPL, CA, MET, BUD, KBH, MAR, CLX, HET, KMI, MCHP, KRB, PBI, MO. NONE. [madtrader] Fri Apr 12, 11:32am PDT Bull Flags IR, BEN, ZION, WAG, ECL, HON, DD. NONE. [madtrader] Fri Apr 12, 11:31am PDT Rising Wedges WM, TUP, WEN, AEP, CCR, DUK, ETR, CINF, DUK, SPLS, GIS, PLL, PG, UNH, HCA, PBG, HLT, FRE, BLI, WLP, GD, AOC, CR, USAI, AYE, LMT. NONE. [madtrader] Fri Apr 12, 11:29am PDT Symmetrical Triangles UVN, MCK, TIF, ONE, AXP, PAYX, SII, NSM, CMA, HRB, EXC, REI, GP, LEH, BMS, DTE, AMR, NYT, MBI, KG, WFC, JWN, BBY, CAH, XEL, MWD, CTAS, UTX, PGN, IWO, NEM, WMT, PHM, DISH, BDK, SLM, DELL, VFC, STT, AMR, AA, BMS, ZION, MEL, USFC. NONE. [madtrader] Fri Apr 12, 11:25am PDT Falling Wedges ADI, BMY, TYC, AT, EFX, QCOM, MSFT, MU, BGEN, AMGN, BBH, FDX, SCH, SLB, MRK, BRCM, CSC, CHTR, MU, DOV, AMD, EBAY, TROW, CHTR, IP, GENZ, SFA, DLX, AMCC, SNPS, SV, SEBL, CNXT, AMZN, WAT, SYK, IVGN, ROAD, BK, NTRS, DLX. none. [RumorDude] Fri Apr 12, 11:23am PDT JBLU Wow. Nice IPO here -- consolidating and looking to move towards the highs this morning. none [madtrader] Fri Apr 12, 11:23am PDT Short term patterns Since we are near major turing points in the market, and I have already loaded up on the long side. I spent the day going through charts of major index components. And here is what I came up with (of course, some I couldn't tell just what the pattern is). The bullish ones are falling wedge, ascending triangle, bull flag. Bearish ones are rising wedge. Neutral and waiting for a breakout one way or another are symmetrical triangles. The next few postings will be major names that fall into each catagories. none.

To: Johnny Canuck who wrote (36747)	4/14/2002 6:36:56 PM
From: j g cordes	Respond to of 68247

I tend to agree in the short term analysis of the "mad" one.. that stocks are primed for some positive moves next week especially if Powell leaves with a cease fire. However, i also got a chuckle from this tidbit in his text "Almost without exception I found positive divergence in money flow verses stock prices. What it means, is that the level of stock prices right now does not match up with the amount of real selling. In other words, the relatively steep drop in stock prices was caused by lack of bids. As Bob Pisoni of CNBC likes to report, a buyers strike. When this happens, prices eventually have to go up. " Lack of buyers is lack of buyers and will never create upward bias.. I hope he only means that when trading returns to normal, buyers will have greater influences on price or something to that effect. But a buyers strike turned tulips into compost and a recession into a depression.