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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: d. alexander who wrote (23894)10/6/1999 11:39:00 PM
From: shasta23  Read Replies (4) | Respond to of 68689
 
In the past quarters Clint often said that the rally would continue until Microsoft posts earnings. I think he never explained why that would be but it must have been important since it came up multiple times over the years. Well i looked up the date and according to earningswhisper.com the date is 10/19/99. I checked some other companies and that day will be a key earnings day with MSFT, TXN, IBM etc. So that will be an important day to watch. Other days to mark on calendar are 10/12 INTC, 10/21 AOL,10/26 EBAY, 11/10 CSCO, 11/17 DELL, 10/11 NVLS(to see how the semis are doing), 11/17 AMAT...just to mention a few.

Everybody seems getting bullish again and they may be all right but i feel extremely distrustful about the market and stay 100% cash after some quick trade in RFMD in the last days. The charts of MSFT, DELL, INTC are not that convincing for a NAZ close to a new all time high.
And dowtransports,Utilities,SP500,Russ2000 are all still in bearflag mode until breaking above their last high and their
respective downtrendlines. Russ2000 will probably test that downtrendline tomorrow while the other ones might take a few days still. Will be interesting.

Stefan