what do you think?

[Runner]

I also voted buy. I like to take advantage of the markets weakness.

Follow your plan because you really don’t know how much weaker things can become!

[Runner]

NB, I'm beginning to think you and Greenman our buddies!!

[IIC]

I voted buy...there's always something moving...check the group action. Last week, of the 10 DJ Super Sectors...9 were down...but Utilities were up even though The DJ Utilities Index was down...gains were concentrated in Electric Utilities which is the most heavily weighted in the Sector.

Of the 100 DJ Groups...only 7 were green...but that makes it easier to concentrate on the movers...at least for the short term trader...I tend to do better long on my quick MoMo trades when the market is flat or down(unless it really tanks)...I'm convinced that the reason is that when the market is flying...there are too many for me to watch and I end up making hasty decisions...That's my take for the quick trader...Of course, most of my trades are held for minutes or hours...So, my thoughts are not really applicable to longer term investors.

I believe Swing Traders should put more emphasis on the market flow. Intermediate Term investors should too...along with EPS which is KING for intermediate/longer termers IMO....IIC

CORRECTION...The DJ Utilities Index was not down for the week....Sorry.

[skiracer]

There are several factors that could adversely affect the markets. We'll have to watch closely to see which way the wind is going to blow. No one has mentioned it but the $SOX and SMH have formed great looking cup with handle formations over the last 6/8 weeks and are in the later stages of their handles. If they stage any kind of a decent breakout or continuation of an upward trend it will give the markets a big boost to help push the Nasdaq through 2100. There are alot of good stocks that have gotten beaten down over the last week or so an in my opinion are great bargains at these prices. NGPS, CMTL, and HTRN are three that I like.
I got stopped out of HTRN at 13.50 early last week for a .75 gain from my 12.75 entry. Re-entered at 12.50 on Friday afterhours. Friday was a big volume day for the stock. Over 2 million shares traded an up .41 for the day after the big drop the previous two days.
NGPS and CMTL are real bargains at these levels. Any type of general move upward by the markets will carry these two up for a great swing or day trade opportunity for these two stocks.

[RL]

NEW YORK - Thursday's trading on Wall Street ought to come with a warning - not for the faint of heart.

In the space of a few hours, the Federal Reserve will announce its latest policy on the nation's interest rates, and institutional traders - the big banks that run mutual funds, hedge funds and other investment vehicles - will react accordingly before the 4 p.m. close, attempting to strike the right balance between boosting their end-of-quarter returns and planning for future rate hikes.

This will likely result in heavy volume and wide swings in individual stock prices in the final hours of trading Thursday. But ultimately, those swings may not mean anything to investors holding stocks for the medium- to long-term, so a certain amount of forbearance, and intestinal fortitude, may be required.

However, "volatile" may not necessarily equal "bad." The Fed is likely to raise the nation's benchmark interest rate by another quarter percentage point to 3.25 percent, but could change its closely watched policy statement. If it does - and if the change signals an upcoming pause in rate hikes - the market could rally.

For the rest of the week, oil will remain a major concern for most investors amid only a handful of important earnings reports and economic data. Crude oil futures topped $60 per barrel for the first time Thursday, causing the stock market to plummet for two straight sessions. For the week, the Dow Jones industrial average lost 3.06 percent, the Standard & Poor's 500 fell 2.09 percent, and the Nasdaq composite index dropped 1.76 percent.

ECONOMIC DATA

After the volatility of Thursday, Friday's trading may signal the market's short-term direction, thanks to the ISM Index. The Institute for Supply Management measures the health of the nation's manufacturing sector, and its index for June, which comes out Friday morning, is expected to come in at 51.5, a slight increase from May's 51.4 reading.

A few other reports could move the markets earlier in the week, oil notwithstanding. The Conference Board's consumer confidence index, due Tuesday, is expected to improve to 104.1 in June, up from 102.2 in May. However, that expectation may have been made before oil prices surged last week, so a surprise on the negative side could occur.

On Wednesday, the Commerce Department will release its final figures for the first quarter's gross domestic product growth. GDP was expected to rise at an annual rate of 3.7 percent, up from previous first-quarter estimates of 3.5 percent.

EARNINGS

The technology sector could see some movement Wednesday as software maker Oracle Corp. reports its quarterly earnings before the session. Oracle is expected to earn 23 cents per share, up from 19 cents per share in the year-ago quarter. The company's stock is up 28.1 percent from its 52-week low of $9.78 on Aug. 12, 2004, closing Friday at $12.50.

Sporting goods maker Nike Inc. has had a more volatile ride, trading between $68.61 and $92.43 over the last year and closing Friday at $89.35. Wall Street analysts expect Nike to earn $1.28 per share, up from $1.13 per share a year ago, when it reports its earnings Monday morning.

Drug store chain Walgreen Co. is forecast to earn 38 cents per share, up from 33 cents per share last year, when it reports its earnings before Monday's session. The company's stock is up 27.2 percent from its 52-week low of $34.89 on Aug. 6, 2004, closing Friday at $44.38. Walgreen earnings could move retail stocks, many of which will report their monthly sales figures starting Friday and stretching into the following week.

EVENTS

The Fed's Open Market Committee is expected to issue its statement on interest rates at 2:15 p.m. EDT Thursday. The second quarter officially ends at 4 p.m. that day.

On Friday, automakers will be releasing their monthly sales data, which can move auto stocks a great deal.

[New-born baby]

Your Best Friend

Love your sense of humor to bad you did not have a picture with Greenspan In devil horns. Talking about sense of humor It's just great on this sight,never bad mouthing anyone but trying to sincerly helping other members Hope we all have a good week.

Ray,

A message from Alan:


The REAL ALan Greenspan:
"They just slipped out. Really. I'm not that bad. I don't know what happened. Ray. Ray-baby. Do you love me?

[IIC]

Doug,

When it comes to investing knowledge, you're simply incredible.

BTW, which MM pick looks best to you?

Thanks for the kind words...But I'm really just a "Regular" Guy. I am a Generalist...I know a little bit about a lot of things...I am an "Expert" in nothing...But one of of my 3,156 "Sayings To Live By" is "The Smartest People Only Need To Know One Thing...Who To Call To Get The Answers"...And believe me...it is true...I don't know a lot of things...but I know who to contact for the answers.

Actually, I could honestly say that I am a CANSLIM semi-expert...even though I don't follow the system...And I know people that understand the theory better than I...But I will guarantee I know it better than those jokers IBD sends to the Expo's and Trade Show's...IIC

[B.J]

Since I'm holding only one stock, I'm going with hold. I was just a bit early in buying back ERS. I would have normally set a stop and eaten it, but...

- I'm already very far ahead on it
- As I said, it's my only holding, so movement won't put a big dent in things.

Certainly don't plan to buy anything else until the market finds support and direction.

[RL]

Anybody want to

give me your take on crl hit with the dart and think I'm going to buy?

[Runner]

Herre is my take on CRL:



What do you think? Buy/Hold/Wait? I say wait, but just my take!

[RL]

Runner thanks for your

Input I did not buy yet waiting to see what happens to market after fed If It goes down then I'm a buyer Sure wish I could understand the chart you sent