S3 (A LONGER TERM PERSPECTIVE) Message Board

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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

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May 12 5:00 PM EST

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To: John Nasser who wrote (11004)	5/20/1998 1:21:00 AM
From: R Stevens	Read Replies (1) of 14577

I watched the Nasdaq plummet right after the news came out today about interest rates remaining unchanged. (News was released at 2:15pm) I would be interested in any comments the veterans on this thread would like to make about what this might mean for the near term market trend. I have gone back over that last two years and correlated my trading to the graph of the Nasdaq. Since I am long in most of my positions, it is probably not surprising that the months when I make GOOD money are the same months that show a nice steady uptrend in the Nasdaq. (Like Jan-Apr98, May-Sept97, Aug-Nov 96.) I have decided that it is almost more important to know the market trend, then to know the stock. 2 Year Nasdaq Chart: cbs.marketwatch.com

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