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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.97

-0.3%

Jan 30 4:00 PM EST

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To: mattie who wrote (17882)	10/5/1998 1:18:00 PM
From: Clint E.	Read Replies (1) of 70343

>>>Clint, are you nibbling today? No. I got out this morning but haven't got back in yet. I am watching some of the DOW and BKX stocks and still see quite a bit of weakness. Once DOW falls, NAZ should fall further. Let's see if we 1500 in NAZ. I think we have already seen the forced asset reallocation by mutual funds in the last selloff. Most 401k investors are finished re-adjusting thier portfolios. Now it is the individual investor that is selling. To make a bottom, you need sellers to be all out and new buyers to step in. I see lots of former and not much of latter. May this selloff send a clear message to those so called, "G7 leaders". Clint

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