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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 692.27

+0.3%

Jan 15 4:00 PM EST

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To: j g cordes who wrote (16811)	6/25/1998 4:54:00 PM
From: Clint E.	Read Replies (1) of 69804

Jim, good call on MSFT. That was one of my NDX shorts. Semis are also good shorts on days like this. Stocks like LLTC, INTC, TXN won't put up much resistance and go down quietly. I think this morning many felt the same as the two of us that DOW 9k & NAZ 1.9k won't be taken out this time around. Therefore, we had a minor pullback helped by profit takers & shorts. We are still in a very good shape and will most probably climb over those levels between now and Friday of next week. I will be watching NDX stocks closely tomorrow. I am actually thinking of going long tomorrow. I love to see a sell off in the morning. In that case, I would load up in the afternoon. BTW, I bot LU just before the close. Clint

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