Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.68

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Nov 26 4:00 PM EST

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To: ynot who wrote (23273)	8/31/1999 7:40:00 AM
From: Iris Shih	Read Replies (1) of 68364

Ynot, Hlit had a good run yesterday at the end. So I think jdsu, sdli, ocli should reverse soon. Just a guess. But the low volumes worry me. It might be just a blip here. I remember that when those ipos started correcting in June, they were pulled down by low volume too. When there are few buyers, shorts can drive the stocks down as low as they wish in an uncertain market. I agree with Thomas that long bond is the key issue here. Need to watch it closely. On the other hand, end of month window dressing and post labor day rally will provide one more chance for the longs to make some bucks here and there. Just need to pick the right stocks. Iris

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