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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 681.86

-0.7%

4:00 PM EST

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To: fedhead who wrote (17051)	7/9/1998 9:25:00 PM
From: Clint E.	Read Replies (1) of 69340

>>>So are we done with the net stocks for the time bieng. I don't think the bottom for the strong ones is too far from here, perhaps 5-10% max. They ignited a rally in NAZ & now they are forced down to make us feel better that there is no speculative bubble & to broaden the rally. Let's see if they will start trading in a narrower range. I don't mind picking up YHOO @ 175, CMGI @ 58, LCOS @ 66, XCIT @ 77.... Anyone of them reporting next week? >>>AVEI...Where do you see it going? Today's action was the strongest in more than 3 months and didn't seem to be news-related. It should move to 45 based on momentum but I doubt it would go any higher before earnings, unless somebody knows something that you and I don't. Clint

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