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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 671.91

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Nov 14 4:00 PM EST

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To: Suresh who wrote (18516)	11/24/1998 7:38:00 AM
From: Clint E.	Read Replies (2) of 67982

Hello Suresh. I have been wanting to ask somebody and it looks like it will be you! How did you insert tabs in your table? Basically we were in a mini-trading range during the 2nd. and most of the 3rd. week of Nov.(in advance of the FOMC). The NAZ broke out last Wed. and the DOW last Friday. Solid advance in the DOW with smart looking intraday chart(the kind that I really like, the kind we saw in the NAZ last Wed and Thurs. and in the DOW last Friday) supported by positive MF yesterday. Large-cap tech stocks are starting to respond to their high valuations. Looks like an uptrending market until next week. Whenever the net stocks pop on a Friday and then go crazy on the following Monday, they then spend most of the week consolidating. I expect the same here. These stocks are like pop corn. You hear them all poping together and then as most of them get done infalting, you hear a few pop here and there!! CMGI looks interesting and may pop to new highs. Good luck; Clint

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