Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: TWICK who wrote (20731)	7/16/2002 11:25:27 PM
From: Dnorman	Read Replies (1) \| Respond to of 26752

When does MSFT report earnings before or after market?EOM CD

To: TWICK who wrote (20731)	7/17/2002 1:33:30 AM
From: Susan G	Respond to of 26752

Twick, I'm updated a bunch of charts -including MSFT and IBM, I'll post them soon. I was bearish last night, that's why I was gone today!That was NOT true capitulation yesterday, no matter how the media spins it. Close, but not yet. I knew if I stayed around all the bullishness of SI and cnbc, I'd get shaken out of the short sale trade I planned,(shorting an attempted break of the 20 EMA on the daily NDX and NQ chart). It was one of those great setups you don't see that often. There were posts predicting a 300 point rally lasting a month or more last night, and my gut feel said it would never make it past the daily EMA, since it had not been able to since May. And both the May breakout and the March breakout failed miserably after trapping so many longs - the 20 EMA daily has not held as support since January, so I knew it most likely would not break and hold it on the first attempt. ESPECIALLY since this same area of resistance was also at Comp 1400, the 1/2 way points of the 3 black crows AND 50 EMA resistance on another time frame. That entire yellow area that I've highlighted on the Comp charts the past few nights. So I waited for the first attempt and failure around 11 am, put my order in, a stop above it and left for the beach <VBG> I only called in once during the day too, to move the stop down. Much nicer than watching every candle on a 1 min chart and getting shaken out right before it goes the way you think it will! I think the index is in trouble tomorrow due to Intel, the crashing dollar and apparently Greenie's speech. Which was the other reason I stayed away today, nothing like a Greenspan speech to drive a future's trader nuts, they move up and down on every single word. Enough to make you lose your mind.

To: TWICK who wrote (20731)	7/17/2002 1:41:42 AM
From: Susan G	Read Replies (2) \| Respond to of 26752

Both the IBM and MSFT charts are totally bearish still... May try to run into the report, but it will only be short covering IMO. Same with IBM. If either of them say wonderful things I will be truly surprised. IBM weekly with bearflag mywebpages.comcast.net MSFT weekly with HUGE bearflag, do or die right here mywebpages.comcast.net