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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.10

0.0%

Jan 23 4:00 PM EST

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To: Clint E. who wrote (22326)	7/28/1999 12:53:00 PM
From: Johnny Canuck	Read Replies (1) of 70011

Hi Clint, The heat here is a shock to my system. It is a big change from the lousy summer we have been having in Vancouver. I should have brought shorts. I found Jim's Internet cafe in the Village. I am sipping a lemonade as I type this now. SP500 looks to be stalling here. I am looking for a retrace to 1378 on this move back up before we go down again to test the 1348 level again. The telecom stocks look weak to me. Despite what looks like good earnings on the surface for NT, ADCT did not react to news and TLAB is stalling in face of an upgrade. The overall volume is light for the overall market too. If you listen to the NT CC please post your thoughts. I am especially interested in their forward guidance. I know their wireless division is hiring again and they have a significant backlog of orders. I still can't get any first hand information on their networking division. >>Carry lots of dollar bills in your pocket! Tell me about it! I usually try to make it out here every few years to get me dose of out of control American consumerism at its best. There is no other place like it for advertising, but you do need a big wallet. I need to spend some of those stocks market profits anyway!!! <g> Harry

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