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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.66

-0.1%

Jan 16 4:00 PM EST

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To: Clint E. who wrote (21752)	6/28/1999 2:05:00 PM
From: Iris Shih	Read Replies (2) of 69873

Clint, I watched them downgrade intc sevearal times. And it has been holding pretty well above its 20 ma. If it closes above 57+(50ma) for a few days, I think it's very bullish for intc short term. I was looking for reversals on nets but volume just wasn't there. I still have 1/4 position on serveral net stocks, ie bcst, amtd, cmgi, mspg, vrts. Will use next rally to unload them. Should have taken profits when I sold 3/4 of them last week! Speaking of reversal, they might reverse those nuts today. If yhoo can close positive today, that would be a good sign. Saw quite some blocks buying mfnx, but I am hesitant committing new money now. Iris

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