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To: Venkie who wrote (11467)10/9/2003 11:52:24 AM
From: Pedro Joaristi  Read Replies (2) | Respond to of 13815
 
Something interesting I just read somewhere else:

"Market has popped up at the open, and it has risen above recent resistance. I see this resistance point further reinforced by action more than a year ago, the last time the M tried to move above this point.

In March '02, the spring bear-market rally failed at just above this point -- 1946 on the Naz. I believe this is major resistance, and once cleared, the market looks set to run till the Jan '02 resistance point of about 2100. That is another strong point, reinforced by the Aug '01 high.

If the economy, revenue, earnings and interest rates hold up, it appears that the market could be poised to make an assault on the May '01 high at about 2300, then with no major resistance till nearly 3000..."
Pedro



To: Venkie who wrote (11467)10/9/2003 12:01:06 PM
From: im a survivor  Read Replies (1) | Respond to of 13815
 
I think the stk is over valued but wtfdik...hope the report is way good..i would luv to see naz 2000.
i wanna be at jcom when it falls..short that is....just askj
>>>

Yes, this is going to be very interesting as we again near the magic 10k and 2k barriers. Will we pop above those levels and hold them, or fall back down as we get near, but can't breach? I have no idea really, but it will be very interesting to see how it plays out. Do I understand correct, that you are going to short JCOM? Or want to short JCOM? Heck, dont listen to me, as JCOM sure has risen alot, and could be ripe to short...but I don't have the #$&%@ to short a stock with a chart that looks like jcom's. Again, she has risen quite alot, and could very well see a big dip and make a good short, but I also remember the shorts saying it was ripe to short at $25, $30, $40, $50, $60, then a 2 for 1 split and it was ripe to short at $30.....and now it is mid $40's post split....so sure, it could be ripe for a short as it has risen very much, but the shorts have been wrong on jcom for quite awhile now, as it has risen very nicely....but who knows, as we approach this critical level, my guess is shorts jump on alot of stuff that has risen a large %....so, again, it will be intersting to see. Are you really going to short JCOM, or did I just read you wrong? How you liking that rfmd?? I took some profits at $10, since I bought near the lows, but kept a nice sized chunk of shares.......