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Strategies & Market Trends : Timing the Trade the Wyckoff Way -- Ignore unavailable to you. Want to Upgrade?

To: coferspeculator who wrote (168)	7/14/2004 8:07:31 AM
From: coferspeculator	Respond to of 14340

Watch List Stocks-Activity for July 13 This is one of several stocks mentioned in Todays Report JNPR-After the close JNPR's quarterly results were excellent and the stock traded up nearly $2 from the close. Intra-day there was a significant sell down during the last hour and the stock closed at it's lows on increasing volume with a wider spread. It is likely that tomorrow will bring several upgrades and strong activity to the upside. Reviewing comments from the watch lists of 6/7 and 6/28 as well as comments regarding CSCO from the same report of 6/7 and the one on 6/23 is suggested. Additional comments regarding CSCO follow. Should JNPR's action carry through to the upside today with expected increased spread and higher volume, closing above $24 1/2, then another attempt will be made to penetrate the intermediate term supply line from the highs of the year. The targets are $27-$29. This is the area that was highlighted recently and should be watched. The weakness in the tech market and today's INTC report suggest that significant progress for the networkers is likely to encounter resistance. This would provide, however, the opportunity to consider adding shares on reactions for long and intermediate term positions. If a short term SC occurs in the tech area, then aggressive trades in JNPR might be considered. Before any consideration for taking such actions is considered it will be important to watch the action in JNPR in the next few days. Poor action would be negative for the stock and require further testing.