Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: Nancy who wrote (14907)	12/31/1997 2:51:00 PM
From: Judy	Read Replies (2) of 68128

Nancy, Watched CPQ trade for a bit today. Staying with my theory that specialists could not let the stock close above its 200-day ema yesterday, run would be too quick and need to save some steam for Jan effect rally. CPQ should do so today so that there will be technical buying the first trading day of '98. Let's see. Market sentiment changes in a blink of an eye in this market, the mid-term direction will be clear when the big boys return from vacation. Oh, have a Happy New Year!

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