Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: Clint E. who wrote (15898)	5/8/1998 1:12:00 PM
From: j g cordes	Read Replies (1) of 68115

Clint, I've been watching the bond.. it went to 59.42.. if we drop lower then we're going up on a short covering. You're right, what we're seeing is relief rally, not new positions for much higher profits... yet! The other key besides bonds is MSFT. Its a win/win either way here.. if they get broken up the stocks worth 120.. if they come to an agreement on Win98 then they go back up to 95 taking the tech sector up with its own relief rally from all those who were on stage with Bill at the Big Shoe.

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