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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

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To: Clint E. who wrote (16701)	6/22/1998 4:11:00 PM
From: Johnny Canuck	Read Replies (1) of 69211

Clint, It sure looks like a strong close on the NASDAQ. The internet stocks are on fire. IBM, HWP and INTC are managing to hold on to strong gains despite overall profit taking on some of the mid-cap and small-cap technology stocks. The light volume bothers me though, especially on the DOW. We didn't get any bad news out of the G7 conference and there are no significant economic releases scheduled this week so let see how many up days we can get before we reverse. CS earnings release after the close, so it should set the tone for networking stocks. Expectation are down pretty low on this stock, hopefully they can surprise if only by a penny. Harry

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