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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (59470)	4/30/2002 11:54:31 PM
From: ted1976	Respond to of 99280

Did you see today's bounce coming? By the way, I'd appreciate it if you could make your predictions a little more vague. sallen

To: westpacific who wrote (59470)	5/1/2002 1:46:41 AM
From: stockid	Respond to of 99280

Here are my resistence points for three stocks. MU, QLGC, and GNSS. Mu traded 28.6 million shares today. The average is 9.54 million that is 200% more shares today. Can you say heavy volume. Anyhow, we closed at 23.70 which has single support. (easily broken) above we have 26.8 single 28.4 double 30.1 triple. Below 20.5 single The moneyflow for people who follow such things was extreme. Extreme moneyflow only happens 10% of the time. QLGC45.71 is triple strength above we have 49.7 triple and below 39.5 double and 36.5 single. Because of the daily swings and channels in this stock the strength points can flow plus or minus 2 and change. Meaning triple support can be at 45.71 or 43.71 or 47.71. You don't see that with your grandma traders. GNSS, traded 7.39 million shares today the average is 2.86. That's 158% above normal. 24.01 single above 25.9 double and below 21.6 double. My prediction Mu is trending down. Duh, I'm going to trade it on the way down and hold a short if it can bounce to near the double support. QLGC, some say they see it breaking 50. I don't think it makes it through the 49.75 if it does who cares I try to play both sides of this ATM almost everyday. GNSS, I'm waiting for a pierce of 25 so I can short it back some. Too far up to fast. Okay, please feel free to add your Op... SK