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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 677.58

-2.0%

Jan 20 4:00 PM EST

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To: Logain Ablar who wrote (24266)	11/7/1999 6:45:00 AM
From: Johnny Canuck	Read Replies (1) of 69919

Tim, Nice job on LTXX. What is your price target again? I wish I had taken my own advice on PHTN, closed at 37 on Friday. I missed out on 15 points. It is now slightly above my price target of 35. Boy, having a day job has it disadvantages!!!! At least I am enjoying the ride on RMBS and PMCS,but HIFN is stuck in neutral. : -( I am not sure that Microsoft will have a lasting effect on the market. It looks like this is just one shot in the war so far. Microsoft will ultimately settle, but they will drag it out for years in the mean time. I am looking for an initial gap down in the stock, but the momentum still seems to the up side for the market. The rally is broadening nicely to the small caps now. Just look the the Russell 2000 that has broken it down trend line recently. It looks like wireless is getting some hype in Barrons this weekend. RFMD should continue its advance as a result. It broke out of its trading range on Friday on good volume. Harry

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