Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 681.43

+0.2%

Dec 2 4:00 PM EST

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To: d. alexander who wrote (24115)	10/21/1999 1:14:00 AM
From: Clint E.	Read Replies (2) of 68529

Dorothy, I am not sure what you did. Better trading days ahead. On days like today(strong good-news-driven rally after days of pullback), forget fear and play moving stocks to the close. IBM has been noticeably weak in the last few weeks and in general is not a good indicative of the Nasdaq market. I haven't been closely following recent earnings reports but my general feel is that IBM's Y2K(server) slowdown is not industry-wide. Anyway, keep an eye on 2718-2728 to provide support. Look to the internet stocks as the leading group to help any recovery tomorrow. Good Luck, Clint

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