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

To: Logain Ablar who wrote (40852)	3/19/2004 3:58:18 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70345

Quadruple witching is basically keeping the idices trapped in a trading range. It is pretty obvious on the 15, 30 and 60 minute charts. I don't think we get any resolution till Monday. Like you I would short any bounce till we get 2 consecutive closings above 2000 on the compx. The intermediate direction is still down. No sure what AVCI management is doing. Two days ago when they reported earnings they refused to give guidance for the next quarter. Then they come out today and basically give an estimate that is greater than a 30 percent miss and the quarter has not even started yet. I guess since they only had 3 10 percent customers that basically accounted for all their revenue that one customer intends to buy no product this Q. The question now is who that customer is, because they obvious are seeing no growth at the core for the next little while.