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

To: Logain Ablar who wrote (39882)	7/11/2003 3:52:33 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71961

Any opinion on the overall demand side of the equation in the storage sector? It has not been a leader as it has in past rallies, at least not as a group. Individual stocks appear to be doing alright. I noticed the telecom equipment stock are up in what appears to be good earnings for JNPR and SONS. I have not had a chance to hear the calls yet. It started yesterday before the earnings release with the announcement of the delay of the tender for the new DND network (Internet II). It should have been a negative, but I guess most people are just re-discovering the sector given that everything else is overbought. I noticed the SOX did not make a new high on the current run up. I still have the market being overbought, but the technical are not showing anything except a modest pullback in the cards. The fact the sell off yesterday was so shallow and the strong re-bound today indicates the market sentiment is still extremely bullish. ATS showed up on a break out scan. Waiting for a pullback, but it profitable and trading below book. Speaking of memories, RMTR has been basing for a while.