WL NASDAQ 100 - 500 Beiträge pro Seite

[Tortey]

38-TAGE-LINIE ALS UNTERSTÜTZUNG BESTÄTIGT

[Tortey]

in richtung 38-tage-linie gedreht
umsätze leicht stärker als in abwärtsrichtung

[Tortey]

aufwärtstrend in richtung 38-tage-linie

[Tortey]

hält er oder hält er nicht

[Tortey]

wird diese bewegung gestoppt

[Tortey]

abwarten

[Tortey]

weisse kerze nur mit halbsoviel umsatz wie die letzte schwarze kerze entstanden.
weiterhin vorsicht

[Tortey]

ich warte auf eine weiße kerze

[Tortey]

letzter umsatz halbiert zum vorletzten
bleiben die umsätze so schwach prallt sie ab
fundamental nicht mehr i.o.

[Tortey]

38-tage-linie hmhhh noch nicht bestätigt
zweite weisse kerze abwarten

[Tortey]

warten auf eine weisse kerze

umsätze das dreifache vom vorletzten (hmh bestimmt wegen des verfallstages)

[Tortey]

mal sehn ob die hält
umsätze 3m stü weniger als beim vorletzten

[Tortey]

starke unterstützung
meine spekulation die hält !!!!!

[Tortey]

umsätze ziehen an
ich finde ein gutes zeichen
meine spekulation sie schafft die 38-tage-linie

[Tortey]

38-tage-linie hält die??
mal sehn
umsätze zum vorletzten leicht rückläufig
immer ein schlechtes zeichen

[Tortey]

mM nach 38-tage-linie durchbrochen!!!!

umsätze ziehen stark an !!!!!!!!

[Tortey]

weiter beoachten

[Tortey]

[Tortey]

umsätze stark abnehmend

[Tortey]

auf weisse kerze warten

[Tortey]

[Tortey]

schöne unterstützung bestätigt

[linzy38]

Bullish Investors Need Reality Check
Sun Mar 17, 8:21 AM ET

By Pierre Belec

NEW YORK (Reuters) - Federal Reserve (news - web sites)
Chairman Alan Greenspan (news - web sites), in his most exuberant
assessment of the economy in more than a year, recently spoke the
words that launched stocks on a rocket ride: "An economic expansion
is already well under way."

But some Wall Street veterans worry that the bulls may be rushing into
a trap that could be called "Irrational Exuberance, Part 2."

In his semiannual report to Congress this month, the Fed chief seemed
to signal the end of what may have been one of the briefest recessions
in history. Investors, seeking to get even after getting slammed by
crumbling stock prices last year, put on their buying boots and waded
back in with the type of vigor not seen since the wild days of the 1990s
bull market.

The Dow Jones industrial average is up nearly 5 percent for the year.
The Standard & Poor`s 500 index has poked its head above water
after being submerged for most of the year.

Indeed, the market`s performance has been remarkable since the Dow
sank to a 3-year low of 8,236 on Sept. 21 shortly after the devastating
attacks on the United States. The Dow has zoomed nearly 30 percent,
S&P jumped 20 percent and the technology-laced Nasdaq composite
climbed more than 35 percent, clearly putting the key stock gauges in a
classic bull market mode, defined as a rally of 20 percent or more from
their lows.

The bullish enthusiasm this week sparked Salomon Smith Barney to up
its target for the Dow to 11,400 from 10,800 previously.

But veteran traders say investors and Greenspan, who famously
warned about "irrational exuberance" in the stock market in December
1996, are both suffering from "Irrational Exuberance, Part 2." The
old-timers say the bulls will need to come to their senses and wait for
hard evidence that the recession is in fact over and then for corporate
earnings to improve. A balancing act would appear to be in order.

"The majority of commentators did not see the recession coming, didn`t
believe it when it arrived, minimized it when they acknowledged that
the economy indeed was in recession, and now the current wisdom is
that there was no recession after all," says James Dines, publisher of
the Dines Letter, and a long-time investment adviser based in
California.

There`s too much optimism in the market, says Dines, who believes that
cash and gold are the safest places to park money.

"What if we turn out to be wrong,?" he says. "You would be stuck with
cash and that is hardly the worst fate imaginable." RUN FOR YOUR
LIFE

Dines bet: A major stock market sell-off that will be more bone-jarring
than most people envision. "Our advice is to run for your life," Dines
says.

A case can be made that the economy is rebounding. Growth in the
fourth-quarter gross domestic product was revised to the upside and
workers` productivity shot up at the fastest rate in two years while
labor costs sank.

Unfortunately, corporate earnings went into a nosedive, posting their
biggest drop in recent memory, thus the disconnect between economic
optimism and the corporate earnings. The slump in corporate profits
shows one important thing: Corporate America is selling goods but
can`t make the profits that would normally fuel the stock market.

Yet, investors have pumped up the price-to-earnings ratio of
companies in the S&P to a whopping 22 times this year`s earnings,
according to the tracking firm Thomson Financial/First Call. This is just
below 26 times when the S&P last set a record high in March 2000.
The norm for the P/E is 15.

It`s fair to say that investors are still not correcting to reasonable
expectations. Never in the history of past recessions have so many people been so bullish and stocks
so overvalued while the economy was on shaky ground.

Bullish investors may again be proven wrong in a big way, and the nice paper profits they amassed in
March could evaporate just as quickly.

The jury is still out on whether the recession is over and the expansion under way. In past recessions,
the economy has fooled Wall Street, initially signaling a recovery that turned out to be a mirage.

DOUBLE-DIP ANYONE?

"A double-dip alert always bears repeating in the depths of recession," says Stephen Roach, chief
economist for Morgan Stanley. "One of the two classic preconditions of the double-dips has already
fallen into place -- a massive rate of (business) inventory liquidation in the fourth quarter of 2001."

What is likely to happen is that once the stimulus from this inventory drawdown is exhausted, the
economy will stall, and the recovery may prove to be a dead-cat bounce.

"I think the case for a double-dip is quite compelling," Roach says. "Following on the tendency of five
of the past six recessions, I suspect double-dip could commence by springtime."

Talk of a full-blown recovery is meaningless until there is sustained spending by businesses, which has
been the weak link that slam-dunked the economy into recession a year ago. And in order for
businesses to continue to buy more stuff, sales will need to accelerate relative to inventories, which will
bring fatter profits.

The trend lately among businesses has been to let inventories run down and to hold back on new
production and hiring more workers until there are clear signals of a rebound in consumption.

News of an unexpected drop in the nation`s jobless rate in February buoyed the Street, but the
numbers were only bullish relative to economists` low expectations.

The dip to 5.5 percent from 5.6 percent in January was caused by one-time factors such as the
unseasonably warm weather that boosted construction jobs and the return of laid-off automobile
workers. Traditionally, the jobless rate increases in a recession and workers continue to get pink slips
even as the economy recovers.

Experts say the drop in unemployment can`t be sustained and they expect the jobless rate to increase
to more than 6 percent by the middle of the year.

Many companies are facing cutthroat competition and can`t raise prices.

The only way that a lot of businesses can move their goods is through massive discounting, for
example, Detroit`s teaser zero-interest rate on loans to buy cars. So in this kind of climate, it would be
foolhardy to expect companies to regain their stamina any time soon.

ACCOUNTING PROBLEMS

Then, there`s the accounting brouhaha. The betting is that first-quarter earnings will be ugly as
companies are forced to adjust to stricter accounting rules following the Enron Corp. mess. A lot of
nasty problems were hidden during the boom years when the high-flyers made bad acquisitions and
the resulting write-offs are bound to slam their results.

Also there are massive credit problems. Moody`s Investors Service, the credit rating firm, has
downgraded five times the number of companies that it upgraded in the first quarter.

Investors need a reality check because the backdrop for a bull market may not be as rosy as they
think.

For the week, the Nasdaq fell 3.2 percent to 1,868, the Dow gained 0.3 percent to 10,607 and the
S&P 500 rose 0.2 percent to 1,166.

(Pierre Belec is a freelance writer who covers stocks for Reuters. Any opinions in the column are
solely those of Mr. Belec.)

[Tortey]

Heute - Andrx: Richterspruch begünstigt generisches Naprelan

Die im US-Staat Florida ansässige Andrx Corporation (Nasdaq:ADRX) gab die positive Nachricht bekannt, Richter Adelberto Jordan vom US-Bezirksgericht des südlichen Distriktes von Florida habe in seinem abschließenden Urteil zugunsten von Andrx entschieden. Der Richter stimmte dem Unternehmen zu und erklärte das US-Patent Nr. 5,637,320, welche die Rechte der Elan Corporation an Naprelan absichert, für ungültig. Naprelan ist ein bereits vermarktetes Schmerzmedikament der Elan Corporation, das zur Behandlung von durch Arthritis, Osteoporose und anderer entzündlicher Erkrankungen hervorgerufener Schmerzzustände, zum Einsatz gelangt und durch eine kontrollierte Wirkstofffreisetzung die dauerhafte Eindämmung der Schmerzen gewährleistet. Gemäß der IMS Daten generierte das Markenprodukt Naprelan im Jahr 2001 etwa $30 Millionen. Andrx hatte den Zulassungsantrag für sein generisches bioäquivalentes Produkt in den Stärken 500 mg und 375 mg bereits im Juli 1998 und Mai 2000 gestellt. Im Juli 2001 erteilte die US-Gesundheitsbehörde Andrx die zeitweilige Zulassung, eine Zulassung könne jedoch, so die FDA, erst nach Beendigung des Patentstreites erteilt werden. Die entgültige FDA Entscheidung steht derzeit noch aus, sollte jedoch demnächst erfolgen.