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

To: Johnny Canuck who wrote (40055)	8/15/2003 3:03:27 AM
From: Johnny Canuck	Respond to of 69241

Welcome to our free Dow Market Commentary page. Since 1998, Ed Downs has been helping investors understand where the market is likely to move in the short and medium term. If you are new to the site, be sure to take our guided tour for an overview of what SignalWatch has to offer. Updated 8/14 for Friday's market. Key DOW Levels for 8/15 UP Above 9,375 DN Below 9,200 Holding Dow continues to hold at highs beneath major resistance. From prior commentary, "...the Dow continues to trend higher above a clear trend line that has formed beneath the lows of the last six sessions...further upside movement toward the key 9,360 resistance level is expected if the Dow can continue to hold above the lower trend line..." The Dow tested the lower trend line early in the session, but reversed up right of it to eventually gain 39 points on the session, seen in the 15 Minute Chart. The index continues to hold at the two-day highs and came within 25 points of hitting the major 9,360 resistance level, seen in the Daily Chart. Looking at the Daily Chart shows that the Dow is right at the top of the wide trading range that has formed from 9,000 to 9,360. A downside break of 9,250 will likely push the index back down toward the lower boundary of the range, while an upside break through 9,360 will spark a solid upside continuation. Watch this range tomorrow. Short Term Dow Short term, the Dow has formed a potentially bullish intraday consolidation at the highs of the 15 Minute Chart. An upside break from the range is expected at 9,315, should would push the index higher. Conversely, a downside break at 9,275 will signal weakness. Medium Term Dow We are still out of the market in the medium term, as none of our entry levels were triggered. We are will watch 9,200 down, and 9,375 up tomorrow, with 10 point stops. NASDAQ & S&P The NASDAQ and S&P traded slightly higher on the session today, with the S&P forming a tight consolidation at the highs. Watch the lower trend lines that have formed beneath each index. * Summary The Dow climbed higher off the lower trend line today, gaining 39 points on the session. The index continues to hold at the highs of the prior move, beneath the major 9,360 resistance level. We will watch this level carefully tomorrow for either a break or bounce. Watch 9,200 down, and 9,375 up. Thanks for listening, and Good luck in your trading.. Ed Downs edowns@nirvsys.com with assistance from.. Frank Ochoa, Market Analyst fochoa@nirvsys.com ** Note: We are now posting Index entries and exits in Real Time, through our new Intraday Index Alerts service. To learn more about the service, visit SignalWatch.com and select Intraday Alerts from the main navigation bar. - SW Team _________________________

To: Johnny Canuck who wrote (40055)	8/15/2003 8:33:12 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69241

World DSL sales up, but revenues drop By CNET News.com Staff August 15, 2003, 10:40 AM PT The worldwide market for digital subscriber line (DSL) equipment witnessed strong growth in the second quarter of 2003, with the Asia Pacific and Latin America regions topping the charts, according to preliminary results from the research firm Gartner. However, average vendor revenue per port has dropped from $95.9 in the first quarter of 2003 to $84 in the second quarter. "Cost is clearly the key in the DSL equipment market," Jouni Forsman, principal analyst for Gartner’s telecoms group, said in a statement. "Prices will continue to be challenged. Vendors must continue rolling out increasingly cost-effective equipment, while maintaining future value-added service capability of the platform." For the third consecutive quarter, DSL gear sales posted record growth. Global sales for DSL access multiplexer (DSLAM) ports reached 9.8 million units, up 81.3 percent from a year ago and 16.5 percent over last quarter. Similarly, shipments for customer premise equipment (CPE) increased 59.5 percent compared with last year and 16.2 percent over the last quarter. Gartner said Japan and North America registered declines in sales growth. "The regulatory situation in the United States is difficult, and the competitive power of cable is strongly felt. Major incumbents are also looking into fiber as a DSL alternative," the research firm said. Vendors should expect the European and Chinese markets to be the major growth drivers for the next few quarters, the firm added. "China will continue to increase in importance as an individual key market," said Gauri Pavate, principal analyst at Gartner’s telecom group. "CPE shipments will have to increase to catch up with the installed base of central office (CO) ports, and the unit growth on this side of the business will be stronger than CO in the future."