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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (9422)7/11/2002 9:50:13 AM
From: Bruce A. Brotnov  Respond to of 16631
 
HELE and SGR both beat estimates, but can it help on a day like this???

DORL also beat estimats after the bell last night. Good reports by 3 companies followed by Poormans.

Wow, what a market start - reversed already. Raptor called it before the open pretty close so far:

For Thursday, there may be some follow through on the downside, but watch for a break above 8900 to signal an change in trend with resistance above this near 9040 and then 9240. Support below on a continued decline is near 8790, 8600 and then 8400. A reversal is favored now more strongly than last time. Caution is advised long term however, as the S&P index has broken critical support and now activates a very bearish outlook.

Bruce



To: Frederick Langford who wrote (9422)7/11/2002 11:33:19 AM
From: Dave Gore  Read Replies (1) | Respond to of 16631
 
RTN -- the specialists were really playing this morning. They moved this down to 34.50 and then suddenly to $37+, then drifted it back down. This is a really manipulated stock, you agree? Wide spreads are not uncommon and the movement defies all logic, especially early in the day.


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