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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 679.68+0.7%Nov 26 4:00 PM EST

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To: j g cordes who wrote (15691)4/27/1998 3:02:00 PM
From: Clint E.  Read Replies (1) of 68355
 
Jim, we have reached 50dmas of NAZ, SPZ, & DJII. NAZ is down 63 points in a shakeout fashion with relatively low vol. (a good DIP ahead of window-dressing, more than I expected)....so we should bounce from here(counting on window-dressing) but we will confront profit takers(today's lucky/unlucky dip buyers) and selling by longs who have been trapped at NAZ's 1920 high and opening down gaps......See-Saw action is what I am expecting in coming days with trading ranges established on all indices. We could soon reach NAZ's previous 52-wk hi of 1772.

I just placed buy orders for the followings

MANU
CPWR
PSFT
BMCS
AMZN
YHOO

Clint
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