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

To: d. alexander who wrote (23981)	10/14/1999 12:31:00 PM
From: Clint E.	Read Replies (3) \| Respond to of 67962

Just stopped by to say that caution is advised. Many leading stocks (internet, telecom, semi, software, & biotech) look quite weak, mainly due to lack of solid buyers. Today is very crucial. Watch the action as the nasdaq seems to be heading to test its 50 day @ ~2750. Now at 2785. I sold all my positions this morning.

To: d. alexander who wrote (23981)	10/17/1999 4:25:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67962

Hi Dorothy, You wondered out loud if there were any bears out there? It doesn't seem so according to the press. Most of the stories seem to be talking about bottoms being put in and how PPI news is overshadowing essentially good earning numbers. Even Barrons has a feature story on the long term bull. A quick survey around the office indicates most people as still looking to buy the dips too. I have to admit I am starting to get a little worried. I do agree we are at an oversold position for the market technically, but I am having a hard time forming a scenario where we can go significant higher at this point give the earnings outlook. Oce we get to the middle November we should see tax loss selling by the mutual funds as they need to crystallize the loses earlier than individual investors. The best case I can see is a range bound market. Sorry for not answering your earlier questions. I won't be around much the next little while, there are too many little fires at work right now. Have a good week. Harry FOMC member McTeer downplays U.S. "asset bubble" biz.yahoo.com Bay Street Beat: Spooky now, but seductive soon biz.yahoo.com Friday market re-cap optionsource.com 50% Retracements of the Dow Jones Industrial Average (INDU) optionsource.com VIX At Historically High Levels Barron's feature story Unflinching Bull - Jonathan R. Laing AN INTERVIEW WITH TOM GALVIN ~ We're in a long "cyclical profit recovery," says DJL's chief market strategist; there are more good times ahead optionsource.com One mildly bearish article WALL ST WEEK AHEAD/Seen staggering after blow last week biz.yahoo.com

To: d. alexander who wrote (23981)	10/17/1999 4:26:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67962

To: heinz blasnik (30061 ) From: dennis michael patterson Saturday, Oct 16 1999 10:01AM ET Reply # of 30187 Favors (posted after the close friday): Oct 15, 1999 In our September newsletter we stated that we expected one more rally in the Dow to a minor new high in late September and then a sharp decline of 6% to 10% on a closing basis. On Friday, October 15, 1999 the Dow closed down 266 points, at 10019.71. So far the Dow has fallen 11% from its August 25, 1999 all-time closing high. We were wrong about one more minor new high in September before the sharp decline we expected. We were however correct about the decline we expected. We believe the Dow is within just a few days of the next important bottom. Earlier this week we gave subscribers a downside projection of 9905 plus or minus 152 points intraday. That projection calls for a minimum decline down to 10057, to a maximum of 9753 intraday. We satisfied that minimum target today. Several of our key momentum indicators have now reached their most oversold readings since the August 31,1998 closing low. That low marked the exact closing bottom of a 19% closing decline. The Dow will normally reach a very important low when it falls down near or just under the bottom of its 10-Week 7% Exponential Trading Band. The bottom of that band this week was 9839 intraday. There will be support to any further decline in that area.