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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.83

+0.3%

4:00 PM EST

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To: Clint E. who wrote (16153)	5/22/1998 10:14:00 PM
From: Suresh	Read Replies (1) of 68575

Hi Clint, couple of things.. ADI killed themselves by saying that next few quarters will be bad. So, market took it for a clean shave. I guess it will be in the dog house for a while. PSFT.... it maybe due to the often discussed change in revenue recognition method. (Somebody .. correct me if I am wrong). I guess to a certain extent due to guilt by association (RedPepper.. or other recent deals they made for SCM business) of MANU. I think MM's pulled out one huge trick out of their bag on wed. In the preopen some big blocks were sold below bid.. but small trades (2k and less) were pushing it up. I was so happy to see that action :). This DELL reversal might have helped NAZ initial strength. Also, anticipation of Michael Dell's appearance on CNBC might have helped too. It may not be a bad idea to keep the activity in this thread itself since the followers of this thread are quite used to what is happening here. Later, Suresh

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