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

To: Logain Ablar who wrote (40269)	9/26/2003 12:17:13 PM
From: Logain Ablar	Respond to of 69974

Harry: Is it me or are we having a lot of failed breakouts. The compbp a short term pnf indicator is still in X’s but getting extended. stockcharts.com The NYSEBP a more long term pnf indicator is still in X’s and is also extended. stockcharts.com These guys can stay extended for a while but this week may have been a shot across the bow of the market. Anyway some of the large cap charts of interest. GE: stockcharts.com[w,a]dbcaniay[d20020615,20031231][pc5!c13!c20!c50!c100!c200!f][vc60][iUc20!Lg!Lk14!Lq3,10!Lp14,3,3]&pref=G To me the bell weather for manufacturing although this is perception as their finance arm is probably 40% of their business. MMM: stockcharts.com[w,a]dbcaniay[d20020615,20031231][pc5!c13!c20!c50!c100!c200!f][vc60][iUc20!Lg!Lk14!Lq3,10!Lp14,3,3]&pref=G Another bell weather and its too early to say if its peaked. Todays jump was a ratings upgrade (maybe distribution). JNJ stockcharts.com[w,a]dbcaniay[d20020615,20031231][pc5!c13!c20!c50!c100!c200!f][vc60][iUc20!Lg!Lk14!Lq3,10!Lp14,3,3]&pref=G I have this one going back to low 40’s INTC stockcharts.com[w,a]dbcaniay[d20020615,20031231][pc5!c13!c20!c50!c100!c200!f][vc60][iUc20!Lg!Lk14!Lq3,10!Lp14,3,3]&pref=G Actually after a good pull back this is good to go. CSCO stockcharts.com[w,a]dbcaniay[d20020615,20031231][pc5!c13!c20!c50!c100!c200!f][vc60][iUc20!Lg!Lk14!Lq3,10!Lp14,3,3]&pref=G Still a survivor and should still double on the next upleg if we ever get an IT recovery in telecom. IBM stockcharts.com[w,a]dbcaniay[d20020615,20031231][pc5!c13!c20!c50!c100!c200!f][vc60][iUc20!Lg!Lk14!Lq3,10!Lp14,3,3]&pref=G MSFT stockcharts.com[w,a]dbcaniay[d20020615,20031231][pc5!c13!c20!c50!c100!c200!f][vc60][iUc20!Lg!Lk14!Lq3,10!Lp14,3,3]&pref=G AMGN stockcharts.com[w,a]dbcaniay[d20020615,20031231][pc5!c13!c20!c50!c100!c200!f][vc60][iUc20!Lg!Lk14!Lq3,10!Lp14,3,3]&pref=G C stockcharts.com[w,a]dbcaniay[d20020615,20031231][pc5!c13!c20!c50!c100!c200!f][vc60][iUc20!Lg!Lk14!Lq3,10!Lp14,3,3]&pref=G I’ve been reading where a lot of the better TA people around SI have turned bearish recently. Of course these guys are day traders as well but it seems the short term trend has turned with the jury still out if this is to become a decent correction on the 30 to 50 % levels from the March lows (I doubt tech goes to 50%). Here is one to consider see the s&p at the end. Message 19337064