To: Voltaire who wrote (44984 ) 10/15/1999 4:53:00 PM From: Jim Willie CB Read Replies (1) | Respond to of 152472
ON MAJOR AVERAGES AND MARKET LEADERS Dow is at major support S&P100 is at major support S&P500 has a small breakdown below support lines but S&P500 has more support at 1230 Nasdaq leadership is showing right now NazComp is exactly at its 50-day Moving Avg in uptrend QQQ (Naz leading 100) is exactly at its 50-dayMA in uptrend leader IBM recovered all its loss today IBM shows an inverted Head&Shoulders with target loss at 105 it recovered exactly at that point today, maybe decline over leader Microsoft fell almost 3% today, but remains in uptrend MSFT sits at the lower boundary of a clear upchannel leader Dell fell 3.5% today but remains in nearterm uptrend leader EMC reversed its loss today, bounced off 50-day MA EMC remains in clear uptrend new leader QCOM was down on the week, falling slightly today but mighty QCOM remains in uptrend, sitting at 18-day MA new leader Nortel fell 3.5% today NT remains in clear uptrend, still above its 18-day MA little juggernaut AudioVox was about even today VOX remains in clear uptrend, right at its 18-day MA new leader Uniphase reversed its loss today JDSU remains clearly above its 18-day MA in solid uptrend new leader Sun Microsystems was up all day today, up 3.5% SUNW has a dynamo uptrend very much intact new leader Yahoo lost 2% today, still above its 50-day MA YHOO is trying to get its act straightened out into an uptrend altho General Electric was down 3.5% today, it remains in uptrend GE sits right at its 50-day MA altho American Express was down 5% today, it remains in uptrend AXP is still above its 50-day MA altho Merck was down almost 4% today, it remains in nearterm uptrend MRK is still above its 18-day MA altho WalMart was down 3% today, it remains in clear uptrend WMT is above its 18-day MA MORAL OF THE STORY: TECHS LEAD THIS MARKET MARKET GOT ITS ASS KICKED, BUT STILL ALIVE wash out the undies, Monday begins another week / Doctor J