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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.70

+0.7%

Nov 26 4:00 PM EST

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To: Clint E. who wrote (23086)	8/27/1999 7:05:00 PM
From: d. alexander	Read Replies (2) of 68326

>>>. Even if they do what the market expects them & still stay neutral, we know that within days they'll find ways to talk the market down. sic! from Briefing.com (BTW the DOW is sitting on its 13 dma) Close Dow -108.28 at 11090.17, Nasdaq -15.73 at 2758.89, S&P -13.74 at 1348.27: The indices finished off their lows, but with the exception of a few moments in today's trade, they didn't show much spunk as poignant remarks from Alan Greenspan regarding asset prices and their influence on the direction of U.S. monetary policy prompted traders to take profits ahead of the weekend... In addition, the Fed Chairman's remarks also dampened some of the optimism surrounding the notion that the Fed had completed its tightening work for the year...

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