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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: Clint E. who wrote (18325)	11/6/1998 12:06:00 PM
From: mattie	Read Replies (1) of 68168

This market amazes me. I took some profits earlier today on csco, wcom, aol, sanm - but I am a longer term player than you. I have held these for about a month. I would expect a couple of down days soon, but I am not ready to short. I still think 1140 on the spx will be a big hurdle and we almost touched it this AM (got to 1137.7), therefore its problably a good time to take profits - but I don't see a big move down.

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