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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.97

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Jan 30 4:00 PM EST

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To: mattie who wrote (19627)	1/28/1999 5:18:00 PM
From: Clint E.	Read Replies (3) of 70336

Federal Reserve Chairman Alan Greenspan may have put the icing on the cake when he said that Internet stocks, despite their high valuations, might have their place in the bull market. Greenspan said some would succeed and some would fail. ''(Greenspan) gives Internet stocks a touch of credibility,'' said First Albany's Johnson. ''He is not labeling the Internet stocks as being entirely speculative and irrational.''

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