Replies to post #12208 on The Black Box

[mjk]

If we're going to turn, it should be from around today's low. A little while ago, I almost convinced myself we're still going to new highs on the Nas, then went back to thinking the 2120 area.

I guess the worst case is, we continue to fall, through the 50 day and support near 2000, get the 100day, then rally hard back above 2000...and that wouldn't be that bad so I'm not worried at all. But since we're already pretty oversold here, I'd lean towards getting a bounce.

I'm not looking for much today actually, so I'd like to see if tomorrow we first approach 2020 and the 50 day. For some reason, I really like MSFT right here and it's making me think we bounce harder than anyone else might be thinking.

[mjk]

After another look, I'm pretty certain we should bounce in the 2020 area, whether 2029 is good enough, who cares. I'm not really trading much here anyway. Just added some MSFT $30 '06 leaps on this morning's weakness...otherwise, my stuff is ok.

[Myself °¿°]

Looking@RFMD,WahzPick#7,charts3
A BDH component down 19.7% since 10/18/03 when I started tracking BDH as a portfolio.

Daily Approaching 200ma=$8.59 rsi5=15.3


Weekly 50ma=$8.16 rsi5=27.1 Bottom of Bottom of Bbands now


Monthly 20ma=$7.95 rsi5=44.2

[bits]

NENG... I had the below note on my calendar.. Maybe they have presented earlier and people like what they heard? Maybe someone is buying ahead of some news? At least it's green today!

"Network Engines, will be presenting at the Thomas Weisel Partners Tech 2004 Conference at 3:15 p.m. Pacific Time on February 4, 2004"