INTEL TRADER Message Board

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Technology Stocks : INTEL TRADER

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To: smolejv@gmx.net who wrote (3413)	8/11/1998 5:25:00 AM
From: MonsieurGonzo	of 11051

DJ; RE:" HangSeng Hangup " hoo-boy, the Honk has really tanked tonight! We're watching the DAX bounce off of 5375 right now ( 11.45 CET ) and -375 more to ~5000 seems feasible by the end of the week, at this rate. All I can say is I feel your pain, man :-( The near-term target on the S&P-500 looks like 1030-1040; the 200d EMA is around ~1050. Since the top on 20-JULY, neither the S&P nor the DAX has managed a +3% bounce. The financial stocks - banks, brokers and insurance companies - have been the weakest index blue-chips here. -Steve

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