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 : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (16005)	2/2/2003 12:50:54 PM
From: Steve Lee	Read Replies (1) \| Respond to of 19219

My preference is to trade "the market" i.e indices, rather than to trade or invest in individual stocks. I think the latter is too difficult from a fundamental analysis point of view. Maybe you can indentify a stock that is going to rise before the analysts, insiders, politicians and crooks with their immense research resources and information networks have run the price up above a fair value. But I don't try. Far easier to try to find a peak in exuberance to the bullish or bearish action and trade according to that. And it is a fact that crap stocks fly before a fall. It is not a cliche. That is why $BPCOMPQ marks tops and bottoms much better than $BPNDX. So you might be right about what NXTL and BEAS etc are going to do, but they do not represent much of the total market. I prefer to play the Nas thru QQQ and NDX futures. That way I can get filled in a few seconds, have spreads of one cent and have stops that protect me against overnight gaps (thru futures).

To: Lizzie Tudor who wrote (16005)	2/2/2003 1:29:46 PM
From: lurqer	Read Replies (1) \| Respond to of 19219

I am talking about oracle, nextel, macromedia, amazon companies like that - big difference Oracle, Amazon, etc discussed in the following (from Les) globetechnology.com lurqer

To: Lizzie Tudor who wrote (16005)	2/2/2003 2:02:45 PM
From: mishedlo	Read Replies (1) \| Respond to of 19219

Sure, that bpcompq is a worthwhile indicator within a range but what I believe is that nextel is not going back to the 2's, or beas the 4s or macr the 5's, in other words a 75% fall from here on these stocks seems unlikely. NXTL and FON have a date wih ZERO. BEAS probably does have a date with 4 or less. A PE of 80 will not cut it. MACR you could be correct. M

To: Lizzie Tudor who wrote (16005)	2/4/2003 2:06:36 AM
From: SpecialK	Respond to of 19219

Lizzie, If you think tough times ahead for MSFT, then I read as tough times for the Dow, SP, and Naz. Sure, some will show stronger RS, but the majority will fall as the general does, imo. edit: Sorry, I'm catching up on the reading here. Seems this has been mentioned already. I see your point of targets from here. you may consider a 5% drop from here to be flat, granted you see that volatility in many stocks and some indexed in a single day. If you consider the average movement for an index like the DOW or SP, this would be considered a down year, based on history(not recent). Ketan