Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.10

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To: mattie who wrote (17499)	8/5/1998 12:52:00 PM
From: Clint E.	Read Replies (1) of 69965

Hi Mattie. Yes, you are right. Stocks that make new lows don't come back easily and continue to slide. Today's intraday action reminds me of last Thurs when NAZ was hovering around 1900 and DOW was just below 9k. We had that fake rally in the afternoon that pushed NAZ to 1920 & DOW above 9k. Of course, you know what happened on the day after. I like to repeat that I see more downside risk from here. We are going to fill more gaps in the coming days. Clint

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