Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 652.56

-1.5%

Nov 20 4:00 PM EST

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To: Return to Sender who wrote (27814)	8/30/2000 11:46:48 AM
From: Logain Ablar	Read Replies (2) of 68156

rts My CMRC thoughts. Message 14297168 WCAP is one way but you won't get as much of a run. I'm sitting in WSTL between 16 - 17 and 15 13/16 seems to be good support. If it keeps this level on a closing basis it has a nice triple bottom with slightly higher bottoms. The cable companies are rolling and the RBOC's are just starting to ramp (and were really waiting for a FTC rule to be effective in June). Once past labor day the stocks should move off the bottoms. Any real jump in price is probably not till 4th qtr when street has more visability of the SBC inventory & VZ strike impacts.

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