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To: marginmike who wrote (37533)5/1/2002 10:32:35 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
It's a joke MM.

The odds of visiting the September lows before we get a significant bounce are increasing dramatically here.

The two leaders are GE and MSFT. Now that they are both just off the September lows, at least they are beyond the .786 retracement level and that's important, the chances are good that they will go there before any bounce.



To: marginmike who wrote (37533)5/1/2002 10:36:40 AM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
I'm getting a .55 PC reading at 10:30 - lower than the .68 open. Am I seeing things?

cboe.com



To: marginmike who wrote (37533)5/1/2002 10:38:05 AM
From: AllansAlias  Respond to of 209892
 
ORCL should get a bounce at $8.60 if you look at the longer term weekly.

All it is doing here is finishing the job -- erasing the 1999/200 bubble move.

Technically though, it's a little worse. The dive started in March is the failure of the 1990 trend line.

Looks like a buy at $5.xx for a very nice rally.


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