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To: Judy who wrote (27227)6/25/1999 2:01:00 PM
From: Mark Fowler  Respond to of 50167
 
On IIX i think 2 are price in, On Fnm suggest that 30 will go to 6.50 longer term this is over done near term. If IIX take's out 279-80 trend line it could be a sharp down again...



To: Judy who wrote (27227)6/25/1999 3:03:00 PM
From: Mark Fowler  Read Replies (1) | Respond to of 50167
 
I'll set a marker here on Yhoo 146@ and Amzn at 109@



To: Judy who wrote (27227)6/25/1999 4:02:00 PM
From: Mark Fowler  Respond to of 50167
 
That is the 20-day ema that rmbs should respect, the first support ema. It
paid no attention to the momentum emas. Momentum stocks normally
bounce off the 5/9/13 day emas, and when they don't something is
probably cooking. Volume is huge, institutions may be realigning portfolios
before the Feds mumble about multiple rate hikes for the year. <<

Judy i respect it and 13ma's normally are support when market is hot and momentum stocks are technically strong --nice weekend...