July 28, 2003
Is Barnes & Noble.com Inc. Expecting More From Harry Potter? -- Koos van der Merwe
It is not what you feel that gives you profits in the market, it is what you see, and Barnes and Noble does look interesting....
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Berry Petroleum Caught In A Trading Range -- Kevin Hopson
Berry Petroleum looks to be caught in a trading range but the longer-term trend could indicate an eventual break to the upside....
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Merck & Co. Good To Bounce -- Gary Grosschadl
The daily chart shows several reasons why a bounce attempt looks good here for this major drug manufacturer....
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July 25, 2003
Symantec Having Trouble At 50 -- Arthur Hill
Symantec has been battling with resistance in the upper 40s the entire year. With a head and shoulders taking shape over the last three months, the bear may be about to win the war....
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Natural Gas: Trading The June Top With The 8-wave Pattern -- Nabeel Qadir
A basic 8-wave pattern, along with the Fibonacci ratios and a few other indicators, can be used to trade a market top. In this example, I will use the NYMEX August 2003 futures contract to show how th...
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July 24, 2003
New Gold Upleg? -- Gary Grosschadl
The gold price made a sizeable upswing from April to June where it ran from $322 - $375. After a healthy retracement, it may be ready to climb back up....
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The Reversal That Didn't Reverse -- David Penn
What the MACD appears to giveth, it also can taketh away....
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The Summer Correction In Natural Gas -- David Penn
A negative divergence in the MACD and a broken trendline conspire to send natural gas futures reeling....
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Is EnCana Corp. Ready To Turn Around? -- Kevin Hopson
EnCana Corp. (ECA) has been pulling back since the early part of June but looks to be forming a short-term bottom at current levels....
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A Double Top In October Hogs -- David Penn
The payoff was swift for bears circling around the double top in lean hog futures....
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Regional Banks Double Top -- Arthur Hill
The Regional Bank HOLDRS (RKH) have performed exceptionally well over the last few months, but a potential double top with waning momentum and poor breadth could stymie further upside....
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July 22, 2003
AOL Early Warning Signs -- Gary Grosschadl
AOL has enjoyed a good rise the past few months but is now looking a little tired....
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Revisiting The Triple Bottom Breakout -- David Penn
Would a steep pullback in the S&P 500 set the stage for a resumption of the bull market?...
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July 21, 2003
A Potential Bottom Reversal For Anadarko Petroleum? -- Kevin Hopson
Anadarko Petroleum has seen a sharp sell-off in its stock price the last several weeks but there are signs of a potential bottom being put in....
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Microsoft Ready To Move Higher -- Andrew Hetherington
Although this equity doesn't jump like it once did, a move towards the $35.00 - $40.00 areas is likely in the short to medium term....
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July 18, 2003
A Possible Buying Opportunity For Meridian Resource -- Kevin Hopson
Meridian Resource Corp. is starting to pull back after running up nearly 900 percent over the last eight months. With key support coming into play below the $4.00 level, speculative investors should l...
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Topping Out or Just Taking a Break? -- Matt Blackman
The market is showing strong negative divergence again. Is it a pause or the end of another bear rally?...
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Broadvision Incorporated (BVSN) Has Turned Around -- Andrew Hetherington
It's a little late to get in, but here's an analysis of a turnaround stock....
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July 17, 2003
Citigroup Incorporated Helps Fuel the Financials -- Andrew Hetherington
Now is a good time to buy into this stock as it breaks out of an ascending triangle formation....
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How Low Will Devon Energy Go? -- Kevin Hopson
Devon Energy has been in a corrective mode the last few weeks but investors could have gotten out at higher levels if they had noticed the warning signals....
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Alltel Struggles on the Upside -- Arthur Hill
The rising wedge for AT reflects a feeble recovery that looks destine to fail....
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July 16, 2003
Nike Loses a Shoe -- Arthur Hill
Nike failed to recover from the 27-Jun gap down and the evidence points to further weakness....
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July 15, 2003
Nortel Network is Moving Higher -- Andrew Hetherington
Technicians love it: A bottom reversal pattern without any complications....
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Foundry Networks Has Turned the Corner -- Andrew Hetherington
Foundry Networks (FDRY) has bottomed just like most of the other networks. However, they all haven't had the same "pop" as Foundry. This equity rocketed off its bottom of $4.08 in October, 2002 and...
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The Nasdaq's "Don't Look Back" Breakout -- David Penn
A breakout beyond and test of resistance at a 20-day high signals more upside ahead for the Nasdaq....
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CMGI Begins Its Breakout -- Andrew Hetherington
As many as three different patterns can be found on CMGI's chart, all pointing to a sizeable move up....
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July 14, 2003
Apache Corp. on the Verge of Breaking Out -- Kevin Hopson
Apache Corp. looks to be completing a bullish triangle formation, indicating a potential break to the upside. However, I would wait for confirmation before jumping in....
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What's Up With Lucent? -- Andrew Hetherington
Lucent Technologies (LU) bottomed on October 11, 2002 at 0.55 cents. Since that time it bounced up as high as $2.75 on May 29, 2003. Of course, all equities have come way off of the bottom, but some...
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Sycamore Networks Has Seen the Light -- Andrew Hetherington
Like so many other stocks, Sycamore Networks (SCMR) has bottomed out. A 7-month bottom reversal-ascending triangle has formed on their daily chart with perfect volume on the creation of the pattern....
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S&P 500 Upside Targets -- Gary Grosschadl
The weekly chart shows upside potential....
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July 11, 2003
Dim View For General Electric -- Gary Grosschadl
This widely followed bell weather stock has trouble ahead if it dips below $28 and this is why....
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10 Year T-Note Yield Approaches Key Resistance -- Arthur Hill
The recent rally in interest rates (decline in bonds) looks explosive, but the long-term downtrend remains intact as resistance nears....
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Bombardier Makes a Strong Move -- Gary Grosschadl
Canada's builder of planes, trains and recreational products has surged past the $5 mark with some conviction but it's a long way back to the old highs of $25....
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A Different But Feasible Elliott Count for the Nasdaq -- Koos van der Merwe
As I have written before, Elliott wave analysis is far more obvious after an event than before an event. Forecasts using wave analysis to predict future movement in the market are always interspersed ...
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SPX: Triple Bottom Breakout or Belated Retracement -- Arthur Hill
Even though the recent resistance break at 965 is technically bullish, SPX is starting to get overbought and stalling around 1000....
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