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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: ItsAllCyclical who wrote (20630)10/24/2002 3:57:46 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 36161
 
Picked up some PAAS at 5.2. I wish KGC would move. Big seller sitting on the ask all day. Anyone know why KGC would be lagging here?



To: ItsAllCyclical who wrote (20630)10/24/2002 4:23:54 PM
From: nspolar  Respond to of 36161
 
If a sox and nas rally is going to continue this is good. Moving up too fast would be a huge negative. The harder it moves up the higher it will go.



To: ItsAllCyclical who wrote (20630)10/24/2002 5:11:54 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 36161
 
nice obsn, Cyclical... now add BKX banker index to mix
23% rise in two weeks seems contrived, overdone, PPT-driven
ripe for rolling over imho
USGovt brought JPMorgo back from the brink, but now what?

Sunday's Brazil elections still show Lula de Silva with a wide lead
he may start to start more sensibly, but things are breaking down in their economy
a bomb blast was averted this week in Sao Paolo in front of their stock exchange
I smell a default and a derivative event
exposure is approx $11B for Citi, $3 for JPM
but a whopping $30B for Spain's Banco Santander

I used your same chart settings to get this

stockcharts.com[h,a]daclyiay[pb50!b100!f][vc60][iUb14!La8,17,9]&pref=G

MACD looks ripe for a crossover comedown
first the gogo chips
next the graysuit banks

the SOX chart looks like an increasingly volatile downchannel
the BKX chart looks like a bearish triangle
BKX target = 400, after another bounce?

/ jim

p.s. back finally from doghouse, sporting stripes on my back