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

To: Johnny Canuck who wrote (45083)	10/15/2008 8:47:44 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 71162

bpNDX rose eight to 23% [SIAL JOYG HOLX FMCN ERTS EBAY APOL AMZN were added] Oct01 Oct02 Oct03 Oct06 Oct07 Oct08 Oct09 Oct10 Oct13 Oct14 ALTR AMZN AAPL BBBY ALTR AKAM BIIB AMZN AMZN CEPH BBBY APOL CHKP BIIB ATVI CTAS CHKP ALTR BIDU DISAD CTAS AMZN BRCM DTV DISAD APOL CELG ESRX DTV BBBY AAPL CTSH EXPD ESRX BIIB AKAM EBAY FMCN EXPD CHKP ATVI ERTS GENZ GENZ CTAS BIDU FAST HANS HANS DTV BRCM FMCN INTU INTU GENZ CELG FWLT PAYX PAYX HANS CTSH HOLX PETM PETM INTU FAST ISRG SNDK SNDK PAYX FWLT JNPR SRCL SRCL PETM ISRG JOYG TEVA TEVA SNDK BIIB JNPR PETM VRTX VRTX SRCL CTAS DISH PETM RIMM WFMI WFMI TEVA PAYX BIIB PETM RIMM RYAAY XLNX XLNX VRTX PETM PETM PETM RIMM RYAAY SIAL XRAY XRAY XRAY VRTX VRTX VRTX VRTX PETM VRTX VRTX [Johnny: It looks like the market will consolidate today. We need to see a rotation into new name for the market re-bound to continue. I expect a re-test of the lowest to confirm any sustained rally. Too much damage happened too fast. The current re-bound has discount the fact that a recession is potentially coming. The E part of the P/E ratio will erode. I expect that this has not been priced into the overall prices of many stocks. The financial may have found its low on many stocks or maybe not based on increasing consumer debt and rising unemployment.]