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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.46

-0.9%

4:00 PM EST

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To: mattie who wrote (18968)	12/18/1998 3:20:00 PM
From: Clint E.	Read Replies (1) of 70402

We backed off from 2080 but nothing major so far. If we close strong like this, it doesn't matter if gap down on Monday due to whatever news is released over the weekend, because that would be considered a buying opportunity!!!...or short covering opportunity!! Intc's upgrade today lifting the SOX has been an effective catalyst. Clint

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