Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Tiley who wrote (16394)	6/5/1998 12:34:00 PM
From: Clint E.	Read Replies (2) of 69129

Manish, I agree with you. Yes, this could end up as a bull-trap if one doesn't pull out at the right time. However, there is still a positive bias in the market that can be further fueled if averages can take out their major resistances, which we are almost sitting at.....major tech stocks too. So, today's action is very critical and charged. So far, things look good. I am confident of my direction. Good intraday action, too. If I decide to reverse on the short side, I would let you know. I would be very surprised if I have to do that. NAZ at 1779.5.........so close!!! Clint

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