Technical analysis for shorts & longs Message Board

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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: Iris Shih who wrote (21875)	7/6/1999 1:31:00 AM
From: Clint E.	Read Replies (1) of 69866

Iris, >>>>> too much overhead supplies await to get out, same goes those >>>>> internet leaders, ie yhoo, amzn, aol... Unless we get good, >>>>> solid earning surprise or exciting news from them. One characteristic of momentum stocks is their run up ahead of earnings. Semis & Telecom stocks were the true momentum leaders and made fresh 52-wk highs this time. However, all the NETS could do was to stage a luke-warm late rally. Therefore, unlike last quarters when well-known better-quality internet stocks sold off sharply after delivering good earnings, this quarter they stand a better chance to stage a post-earnings rally if they deliver excellent earnings/outlook. In that case, look for an upside explosion in the NAZ, within the next three weeks. We should know by the time YHOO reports. Clint

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