Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: d. alexander who wrote (24884)	1/24/2000 3:54:00 PM
From: Johnny Canuck	Read Replies (2) of 68168

Stop loss triggered on SPLI. Out at 44. The move up in OCCF might be signaling a short term top for the group as it has been a lagard for a long time. We are testing support on the SP500 at 1393, but still no buy signal yet. This is not good as we broke 2 support levels without much resistance. There is still selected strength in some stocks, but it is time to be very selectiveon long positions.

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