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

To: gravity rules who wrote (14412)	6/13/2002 1:58:12 PM
From: The Ox	Read Replies (1) \| Respond to of 23153

I could see a short bear market rally which might bring the NASDAQ back to the mid 1600s before running out of steam and reversing back down. I think one of the stronger stocks during this run will be MSFT, so I would only suggest shorting this one after runs like we saw yesterday. My guess is that MSFT goes up near $60 again before returning to the high 40s one more time. Just a guess and I don't follow MSFT's daily movements - so take this with a grain of salt. So far PMCS has been working out like I planned. I would think that $12 is in the cards within the next couple of days and more if my short term view proves out. I will try to find the link to a nice page that shows the long term NASDAQ hitting the upward support trend line and the daily hitting the bottom of the downward channel lines - both happening at the same place. I think we have hit a short term important area that should show temporary support, which relates to my %10 bear market rally theory.

To: gravity rules who wrote (14412)	6/13/2002 2:23:56 PM
From: Warpfactor	Respond to of 23153

Good luck on the longs, I've been traveling since yesterday morning (down in Kodiak Bull land) and have had scant ability to monitor the markets. But I am still short KLAC and MRVL. I remember reading on Stock Attack a few weeks ago about how someone is using KLAC as an early reversal indicator. I was on my trade station yesterday about 0830 pacific when the NAZ was troughing, and just happened to be watching KLAC with minute intervals - surely enough it portended a market move by 5-10 minutes. I didn't act on it, but will note it for future reference. Warp