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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (16050)	9/29/1998 9:57:00 PM
From: Chris	Read Replies (1) of 42787

hi all, busy as usual. didn't get around posting any thoughts last night. fell asleep LOL anyways, today's decline was very small to what i was expecting. but i think you could see the "uncertantity" after the announcement. with rates cut, the question was "ok, now what?" i think earnings will be the next issue. lately, i've been seeing more bad news with G's layoffs and cutbacks, and NT's warnings i still think the current mkt prices haven't discounted the future declning earnings situaition. i have support for spx at 1020-1022. notice we failed to close abv 1050 spx again. dow -- lack of close abv 8100 (even though dow is a lousy index)

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