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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.27

0.0%

Dec 26 4:00 PM EST

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To: Johnny Canuck who wrote (37976)	8/9/2002 10:26:39 AM
From: Logain Ablar	Read Replies (1) of 69260

Hi Harry: Sold my storage positions today (mcdta and emc) just do to elx report since the momentum should impact the whole sector. I just remember owning elx in Sept when it broke 12 (april low on way to 9 area) and assume elx is on way to testing 12 as momentum players dump it. Hey at least they have net 3.3 in cash (cash, rec less debt). elx is going to have to increase inventory for clarion / dell. This should be a good opp but not sure where the low point is. Have to see how it manages the 12 support. Tim

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