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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Clint E. who wrote (18169)	10/27/1998 4:25:00 PM
From: Jurgen	Read Replies (3) of 68460

When i started SAP made a couple of million dollars a year and we had only a few customers. I was involved in the development of the financial modules of R3 and left the company when the growth got out of hand. I'm still sitting on lots of shares which i got real cheap; a very good long term investment IMO. The market came down a little, just as expected. I'll watch it from the sidelines for a day or two, the last 3 weeks have been real good for me. There should be some healthy consolidation, i wouldn't expect a major retreat. We've probably seen the highs and the lows for 1998, trading range 7800-8800 for the rest of the year IMO. What do you think ? Jurgen

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