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To: Shack who wrote (128576)1/28/2006 1:33:35 PM
From: venividivici  Respond to of 209892
 
I agree that this would in all likelihood just be a delaying of the launch.

I not only see the put-fest, I'm a participant! Still, Feb. expiration is a ways away and I'd be out of them on a dip below 41. Looking forward to getting more clarity on Monday.



To: Shack who wrote (128576)1/28/2006 1:52:53 PM
From: robert b furman  Read Replies (2) | Respond to of 209892
 
Hi Shack,

Agree on the Nasdaq being important:

stockcharts.com[w,a]daoanyay[df][pb72!b50!f][vc60][iLh14,3!La8,21,5]&pref=G

I like how the retest found support at the 72ma and since has been walking the 50 dma.

Institutional support at the 50 (on big volume) is often a pleasant source of confidence.gulp

Breakaway gap on SOX?
stockcharts.com[w,a]daoanyay[df][pb72!b50!f][vc60][iLh14,3!La8,21,5]&pref=G

Holding well,but a handle after a two year cup could/should be anticipated.

Cyber's old chart on SMH still shows formidable resistance at the long term trend line that connects 45.68 to 40.62.

stockcharts.com[w,a]daoanyay[df][pb72!b50!f][vc60][iLh14,3!La8,21,5]&pref=G

Last but not least I was pleasantly in agreemnet with VVV comment that da boys at wall street surely would like to reload in between this top of recent price action coming from good earnings and the scary quiet months of February and March when too much talk of higher interest rates, slowing GDP,creating a rate inversion that inevitably will cause a recession,blah blah blah - right up until we show continued global growth and surprising better corporate earnings coming from the industrial sector - in particular my favorite the semi and the semi equipment makers - who are no doubt in a CAPEX race.

Looks to me like Cybers thought of an abc of B on his SPX chart is an attractive alternative.
ttrader.com

I never like to see -DI racing up to a declining +di after a nice run up - his chart signals a big alarm - may be a need to be very nimble in the next 2 weeks.

Thinking one or two more weeks and we hit our head on 1315.93 (a past failed attempt to launch over 1300 way back on 5/25/01)




To: Shack who wrote (128576)1/28/2006 2:54:45 PM
From: kckip  Read Replies (2) | Respond to of 209892
 
RE QQQQ and SPY P/C ratios. I've been trying to rectify the very bullish P?C ratios in QQQQ and SPY with the very bearish P/C ratios I'm seeing in many of the individual large-cap, highly optioned stocks (MSFT, INTC, CSCO, GOOG, IBM, C, etc.) Any thoughts?



To: Shack who wrote (128576)1/28/2006 4:49:08 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 209892
 
The sell-off last friday got way too much attention...

From the media, for sure. From regular people...I did not hear one single person talk about it or even mention it. And I was in 3 different continent-spanning cities that day. Total non-event from the public's perspective, IMO.

The best reason for going with a bullish read - NOBODY CARES about the market!

You can only crash when people care.



To: Shack who wrote (128576)1/28/2006 6:46:59 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
Whether it comes from here or after another backtest I still think we are heading several hundred points higher.

I've been following your antics (-g) for a number of years, but I don't recall you being so bullish. What would make you turn bearish?

I (still) have some exposure to the short side, but not too much - and slightly under water. No big deal. If the majors break the recent highs, I'll have to admit that... it's time to either turn bullish, or at least abandon any bias for the intermediate term.

JDSU - ufb - is making money... it's like deja vu all over again... g/ng. But the sucker is definitely beginning to looked stretched... maybe ED-ing.

stockcharts.com[p,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

Staying in El Dorado, AK. Not bad... a surprisingly energetic little town.