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To: dennis michael patterson who wrote (21970)8/19/1999 8:25:00 AM
From: Chris  Respond to of 42787
 
things to notice:

.dot internet index hit the 50 day ema
spx did a 50 % retrace and wednesday's close was below the 50 day ema (reversal)

ndx did not clear the 2335 previous high set in late july.

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i will be shorting cautiously. i will wait for support breakdown before shorting with full force.



To: dennis michael patterson who wrote (21970)8/19/1999 8:29:00 AM
From: Chris  Respond to of 42787
 
some regular stocks that look weak:

orcl had earnings outlook downgrade yesterday

lu gapped down yesterday

sbc in danger of breaking below 100 ema.

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amzn and some other internuts have gaps and reversal price bars yesterday. those are good short-term plays.

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not a recommendation to buy or sell.



To: dennis michael patterson who wrote (21970)8/20/1999 10:17:00 PM
From: dennis michael patterson  Read Replies (2) | Respond to of 42787
 
Dumb move of the week: not buying Csco yesterday at 61 3/4 offered.