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 : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jack T. Pearson who wrote (38286)	7/22/2002 5:12:32 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 52237

What I'm worried about is non-public evidence that hasn't hit the news yet. Art Cashun just said that on cnbc - said he's afraid that what we need is a bad headline that will just make the last bull give in. I think that it's lurking out there -

To: Jack T. Pearson who wrote (38286)	7/23/2002 9:35:56 AM
From: StockOperator	Read Replies (1) \| Respond to of 52237

"MSFT and DELL are breaking down" This qtr. is going to give us the obvious break in all these companies that have managed to trade sideways. Look at yesterday's trade in JBL or CSCO - same thing. What about QCOM which is slightly up this morning. Smart money antics. Everything I see tells me QCOM is going lower this week giving us a crack in its armor. Lets talk about MERQ and CREE, which have been either trading higher or holding up pretty well lately. CREE has also been the topic of conversation on some boards. Anyway, both of these stocks are trading in a technical twilight zone. Although they are trading well, they are doing so against a huge wall of pressure that is going to hit them. When I tie that pressure together with a market that is pushing all stocks lower, the only conclusion I can get is someone is distributing shares. Both of these stocks have opened higher here but I think their turn is very close at hand. Time will tell.