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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (38897)	2/19/2003 11:55:45 AM
From: Logain Ablar	Respond to of 71344

Harry: I personally think we need to see some of the fear readings with heavy selling to set a bottom BUT we may not see that on an intermediate term bottom as I'm assuming once the market percieves a victory (not the initial engagements, as i think (from memory) 12 years ago the market didn't start to rally until the 3rd or 4th day of the air campaign) we have a decent rally (I believe this is sort of Zeev's thinking as well). I don't know if it will happen a 4th time but the storage stocks have bottomed last but have had anywhere from 50% to 400% plus gains on the rebound in the april 2001, sept 2001 and oct 2002 periods (by storage qlgc, elx, vrts, brcd (this one is now more broken and should not participate like before although it can jump 100%) ntap and emc (only now is emc looking healthy). Of course elx and qlgc are my two favorites As a road map (which of course can change) the 1230 area is a good target for now. stockcharts.com As a momentum stock watch rmbs. I expect it to retest its breakout @ 9.75 when IFX petitions the full Federal Circut Court of Appeals to re hear the patent infringement case (breaking recent support around $12.5 although if this doesn't break watch out). I then expect the court to not hear the case (clueless as to how long this will take) but when (actually IF) this occurs the stock should start to take off (and actually the stock will probably show some strength a few days before any ruling). If you pull up some of the dow charts (PnF) like GE, JNJ, INTC, PFE, it won't take much for the dow to break. Tim