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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: Johnny Canuck who wrote (25132)	2/10/2000 2:57:00 AM
From: Johnny Canuck	Read Replies (1) of 68115

hardrightedge.com Today in Morning Trader 7 Bells: Even with all the excitement, NASDAQ is very close to where it started the new year. And the SP-500 and Dow-30 are lower and close to entering a correction. Market Call: If INTC breaks below 104, I would exit longs in INTC. An aggressive trader may want to consider a short position below 104. [INTC 7 percent of NDX] Charts of Interest: The major PC makers (CPQ, DELL, GTW) are acting very weak and might be vulnerable to profit taking ahead. Dow Industrials is testing key support at current level and is projecting lower prices ahead. [Dell 3.5 percent of NDX] CPQ is acting very weak and might be vulnerable to profit taking ahead. After consolidating for the past couple of weeks, shares broke to the downside - not a good sign. Chart of BRKA is looking weak as the stock fell below its previous low and extended its downtrend. Shares remained solidly in a downtrend and are showing very little signs of reversing this trend.

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