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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.10

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4:00 PM EST

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To: Return to Sender who wrote (36310)	3/4/2002 10:01:06 AM
From: Johnny Canuck	Read Replies (2) of 69962

It looks like ET filled the gap at 7.50. I would like to see it take out 9 though for a run to 11, before going long. Despite the volume on Friday in the rally, I want to see a double closing above 1805, before going to heavily on the long side for techs. Same thing with the DOW, except the utilities have confirmed the DOW break out so financial are a good bet. ORCL warned. RSTN warned. CSCO hinted at a not spectacular Q. Wireless downgraded today. WMT looking to see slower growth as segment is not saturated.

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