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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: quote 007 who wrote (3520)	6/17/2002 1:16:12 PM
From: J.B.C.	Respond to of 17639

Here is from the DWA elfins from Fridays positive NAZ day: >> Nasdaq saw 94 issues rising on their charts and 533 falling. There were 2 new buy signals given and 39 new sell signals given for a net loss of 37. There were 64 Upward Reversals and 125 Downward. << Tells me there was no strength there, I suspect todays action will be more positive but not overwhelming..... "Hold all shorts...." The barker said. IMO Jim

To: quote 007 who wrote (3520)	6/17/2002 2:11:15 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 17639

This ramp has the same characteristics as the April opex (options expiration) ramp. Ramp started late in the cycle with a nice gap up. The high was then posted the next day, though it closed lower. The April ramp was a 2-3 day ramp that spanned about 100 points on the comp. We are two days into this ramp and up over 100pts. The 100pt April ramp was followed by a 250pt slide into May expiration. The May ramp looks like it was about 175pts and followed by a 300pt slide into June OPEX.