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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (5489)	7/22/2004 2:09:39 PM
From: lostmymoney	Read Replies (1) \| Respond to of 23958

hate to be a pessimist (spelling) but is this not the first time our folio has been in the red??? Just wondering, time to buy LOL. Ken, go to dentist, and get your false teeth fixed, and Joe and I will send some good midwest sweet corn!!! LOL Mikey

To: Ken W who wrote (5489)	7/23/2004 1:50:12 PM
From: Jibacoa	Read Replies (1) \| Respond to of 23958

Good time to turn off the puter and go do something enjoyable. I think I'll go to the dentist today. ROFL That doesn't sound too enjoyable for me. I would rather go fishing.<g> The NAZ opened with a good down-gap today, which I hope will get closed this afternoon, but it dipped below its May 17 L of 1865 and its recent down-trend coming from the June 30 H at 2055 remains intact. The DOW is also in the downtrend that started after the triple top at the 10487 level on June 23-24 and 25 but it is still holding above its May 12 L of 9852 We only have one week left of July which hasn't been a good month and I don't know if August will be kind of late to try to start a "Summer Rally".<g> One thing I particularly don't like is that most people aren't worried and remain optimistic.(I couldn't resist myself the temptation of buying a few more shares of ENWV at $7.50 this month after selling some of my MRM,but don't tell Sergio about it.<g>) The DOW's rally from the March 2003 Ls seems to have ended at the February 2004 H of 10753 and if the May Ls don't hold it looks it may dip for a couple hundred points and we may need some "panic selling" or a "blue Monday" to get rid of some of the present "optimism". Looking at some of the "Havy Weights" the near future doesn't look too enticing: IBM in spite of reporting better earnings is still not completely off the down trend from its June Hs. PG which has been one of the best performers this year, today tried to test its June H but is now trading below its May L and it seems it may test its April L. GE which was one of the best performers this month (swimming against the current <g>) was able to trade a few pennies above its June 23H (33.49) on July 16 (33.62) but that now looks like a possible double-top.<g> C in spite of reporting better earnings shows significant resistance at its June Hs and is now down almost 10 points from its April Hs and the 3 days in which volume recently exceeded the 25M (Apr.15-May10 and July15)were all "down-days".<g> WMT On its weekly chart is not off the down trend coming from its March H at 61.31 albeit its seems to have found enough support at the 52 level to be able to get off its most recent near term down trend on its daily chart but still needs to close above 54.<g> MSFT's picture after the recent dividend news is now somewhat more cloudy with its recent "Up-gap" and today's "Down-gap",so I think I better leave it for you. (I don't like those gaps.<g>) INTC With its heavy influence on the "Tech Sector" had a good down-gap on July 14 (on volume of more than 283M)and its trading at its lower level for the year.(It seems it may test the 21 level. (But the "gap" clouds the picture. so I better leave that one for you also to look at in between your dental appointments.) CSCO Continues on its most recent down-trend coming from its June 24 H at 24.20 and seems ready to test its May 17 L at 20.68 (it is still $0.14 above it <g>) That L was below its late October 2003 L and it looks like the stock could test the early October 2003 L at 19.30 AMZN Broke down on heavy volume today with a nice down-gap in continuation of its down-trend coming from its June 30 H of 54.70 and seems ready to test its May and possibly its March Ls.(With today's gap, I will also leave that one for you to let me know its probable course.<g>) EBAY Is still on the down-trend coming from its June 28 H at 94.13 and yesterday had a good early down-gap on heavy volume. which was closed later in the day.It traded yesterday below its May and mid-April Ls. Well, I also hope that the market isn't predicting what is going to happen a few months ahead. If the Iraq situation and the economy don't show a change for the better before November and the JoKEEK (Johns-Kerry-Edwards-Eddy-Kennedy)take over the reins things could get a lot worse. RAGL Bernard