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Strategies & Market Trends : The Millennium Crash

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To: bobby beara who wrote (1787)	12/17/1997 9:49:00 AM
From: Arik T.G.	Read Replies (1) of 5676

BB and all, ABOUT THE MARKET 1. NDX - has completed minimal 31.8% correction to the recent 120 points drop. Can start on a very steep 3 of 3 of 1 down. NDX components - MSFT, INTC, CSCO, DELL all had 5 EMA cross their 21 EMA down already, and have retraced back to the 21 EMA line. If MSFT down today it is the kiss of death ...for the NDX. CSCO split and upgrade IMO a good short opportunity. 2. OEX- totally different picture. Has encountered local 465 resistance. Breaking over it is bullish. New highs and stuff. One index is going to pull the other along. Which one? If OEX wins (bull side) the NDX can go to 1040, If the NDX wins then we're going down steeply GE and PG at all time high, on one side. Techs on the other. The domino effect is already expanding. It started with the semis and Intel's Q3 report, and is now in the sw domain (ORCL). IMO CSCO is next, and then MSFT. This one cannot be ignored by the General (!) market. ATG

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