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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 693.87

-0.2%

4:00 PM EST

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To: shasta23 who wrote (17925)	10/8/1998 1:22:00 PM
From: Clint E.	Read Replies (4) of 69712

>>>BTW what did you do with Yhoo? I assume it gapped lower like everything else. How do you get out or do you hold for the bounce? Haven't done anything but if I were watching it more closely this morning, I would have been out at 108. If markets were to bounce sharply today, I would keep it. Otherwise, I would sell it. Think about this. NAZ was down 50-60 points when YHOO dropped to ~98. NAZ is now down ~93 points but YHOO is at ~102. There is no such a thing as smart money getting out of YHOO and there are plenty of shorts to fuel a rally in YHOO. We just need Mr. market to give it a push. Clint

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