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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.27

0.0%

Dec 26 4:00 PM EST

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To: Clint E. who wrote (18652)	12/3/1998 10:57:00 PM
From: mattie	Read Replies (1) of 69273

Clint, looks like sell programs kicked in once the market didn't move up. I have no clue on what will happen tommorrow. The employment numbers will move the market - but which direction? I agree that this profit taking is healthy. I am positive on the market overall. Money is staying in the US stock market - just rotating to different sectors. Also interest rates should stay low, therefore the alternatives to equities are not impressive. Although profit growth for the SP500 will not be that hot, many companies are doing very well - especially in tech and health care. I am staying invested in these companies that can grow top and bottom line growth.

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