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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 694.07-0.2%4:00 PM EST

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To: Johnny Canuck who wrote (17686)8/31/1998 1:41:00 PM
From: Clint E.  Read Replies (3) of 70225
 
Harry; Are there any buyers out there? I am back into stocks now. I bot CSCO, LU, WCII, MSFT, TLAB, DELL, & UNPH.

I have never seen so much bearishness in small investors. They've been dumping all day like they did in July of 96. I expect a rally in the afternoon from these levels(NAZ -77 & DOW -120), just like we had in July of 96.

Don't know the extent of this rally, though. Psych. is still very poor. If the leaders start moving back up, it could turn around quickly.

Clint
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