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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.36

-0.5%

Jan 14 4:00 PM EST

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To: Clint E. who wrote (18037)	10/14/1998 12:41:00 PM
From: Tiley	Read Replies (1) of 69769

Hi Clint, Well INTC earnings out and the execution at the company was superb under pressure. All they need now is for the world markets to hold intact. As I said earlier, I see lots of positive divergences in the charts for the indices (Naz, OEX, SPX, NYA) and bottoming action in some stocks. It remains to be seen if they pan out but the action today was encouraging. Sentiment is still overwhelmingly bearish. More rate cuts in Europe and US are on their way - at some point the economic authorities will get it right. So what have you seen that has turned you more bearish than earlier? Later, - MJ

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