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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.39

+0.5%

Nov 28 4:00 PM EST

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To: drsvelte who wrote (26946)	6/7/2000 3:36:00 PM
From: shasta23	Read Replies (1) of 68461

Doc! Tried to nibble on AMCC but got stopped out for a small loss. I guess we didn't go through the roof on the indexes. I thought we would see some more strength but i guess that 3800 and 10850 level is still resistance.Someone is really pushing AMCC now down. Might be good to wait until it reached the 80s again. BTW here one of Trader Dave's comments, BTW he predicts a short term price between $15 and 250!! HAHAHA... From: Trader Dave Tuesday, Jun 6, 2000 6:36 PM ET Reply # of 519 That's the "story." Nortel book to bill in the quarter was only 1.4 to 1. Non-NT book to bill was 3 to 1. Gee, I guess that means Nortel is slowing! My P.S. About the market...well maybe we will stay above 3800 and break 10850. Can't keep up with the speed of these swings...

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