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Lee,
That is the way I would play it, this thing should be close to a turn here
if the charts are right and it is "time to put a fork in it".
I view this more as short covering, not necessarily real buying? After all
since when has Chambers got it right on his guidence lately?
don ewers
----- Original Message -----
From: "Lee Morris" <LMorris@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, October 04, 2001 10:55 AM
Subject: RE: [RT]S&P
> don, attached is a chart of the s&p 180. Am I reading the chart right w/
the
> following anlysis based on our discussion yesterday. the normal elipise is
> now about to hit but the 5/35 has lost control so after a pullback w4 of
wc
> we should have a final advance towards the lt elipise as the 10/70 pulls
to
> the 90-140% zone or plan b is that we are likely topping here as the 10/70
> will be at a 90%rt in the next bar. just a side note we were within 9
points
> of the w4 target and the 62% level. I also notice that there is no div in
> the 5/17 which I would interpret as this being the w3 of wc, just my
> thoughts as I am trying to figure out how to better use the elipise
> -----Original Message-----
> From: Don Ewers [mailto:dbewers@xxxxxxxxxxxxx]
> Sent: Thursday, October 04, 2001 10:54 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] NASDAQ-100
>
>
> BobR,
> You can find the "weighting" at this site:
> http://dynamic.nasdaq.com/dynamic/nasdaq100_activity.stm
>
> Also check out this "heatmap" of all the NDX 100
> http://screening.nasdaq.com/heatmaps/heatmap_100.asp
>
> don ewers
>
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, October 04, 2001 9:33 AM
> Subject: Re: [RT] NASDAQ-100
>
>
> > That is a very interesting post, Stan. Do you know which of the NDX
> stocks
> > are the most influential in the index movement, perhaps the top 6 or
so?
> > Can you make a hierachy screening of the components of the index from
> most
> > influential to least?
> >
> > thanks,
> > bobr
> >
> > ----- Original Message -----
> > From: "Stan Book" <sbook@xxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, October 03, 2001 9:37 PM
> > Subject: [RT] NASDAQ-100
> >
> >
> > > Just scanned the NASDAQ-100 stocks. There are many more examples of
> > positive
> > > than negative accumulation line divergence's. This suggests an
> > intermediate
> > > term bottoming process may have begun.
> > >
> > > In terms of cycles, we are within the time frame of a 3,6 & 9 month
> low
> > (the
> > > corresponding 12 month low was overwhelmed). We also have reasonable
> > > symmetry with the October 1998 low. No guarantees, of course.
> > >
> > > While short sell candidates are few and far between, a good rally
> could
> > > change that. The best short candidate I find is BBBY. The stock is
> bumping
> > > up against potential resistance with evidence of distribution. This
is
> > often
> > > a low risk short sell setup.
> > >
> > > Especially for NW is bottom fishing candidate, LLTC. This stock has
> gone
> > to
> > > new lows with evidence of accumulation which suggests a potential
> trend
> > > change. LLTV has the largest divergence of price to accumulation
line
> of
> > all
> > > NASDAQ-100 stocks. I would be happy with a rally followed by a
> pullback
> to
> > a
> > > double bottom with evidence of continued accumulation. This would
> normally
> > > present a low risk intermediate term buy set up.
> > >
> > > Other NASDAQ-100 stocks that show strong accumulation are:
> > > BGEN - higher 10 week low
> > > CEFT - higher 6 & 9 month low
> > > IMNX - 6 month high
> > > MEDI - 6 month double bottom (slightly higher low)
> > >
> > > NASDAQ-100 stocks that show strong distribution have lost more than
> 90%
> of
> > > their value over the past 100 trading days. They have virtually all
> become
> > > penny stocks.
> > >
> > > No recommendations, just some observations.
> > >
> > > Stan
> > >
> > >
> > >
> > >
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> > >
> > >
> > >
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> > >
> >
> >
> >
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> >
> >
> >
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> >
>
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