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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 (18673)	12/4/1998 12:27:00 PM
From: mattie	Read Replies (1) of 69260

My view on the market now is that we are basing after the big run. Downside on SPX around 1150, upside about 1190. I think we make a run at the highs again, with the possibility of breaking though. Technology earnings should be strong, the Fed is accomodative, liquidity is good in the top names. I would not want to be long the 'old economy' names - KO, DIS, BA, etc - but health care and technology will continue to do well. Thats my take.

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