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

To: Clint E. who wrote (24369)	11/14/1999 3:22:00 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 70264

Hi Clint, Isn't this market incredible? The intra-day volatility and volume is starting to spook me a bit. This is usually a set up for a climatic market top, but the market internals still looks alright. Only 20 percent of all stocks are one standard deviation above their 200 day moving average. 46 percent of all stocks are still one STD below their 200 day SMA, indicating we could still go higher. The Russell 2000 had solidly broken its down trend and is rallying nicely, indicating a broadening of the rally. Money flow into the equity mutual fund reaching a high for the last few months. On the negative side, there are a lot of gaps to be filled on the way down. When we pull back it will not be pretty. I wonder what the trigger will be. We still need to pull back in order to get a X-MAS rally. What is your read on QCOM at this point? Believe or not I am still in this one. I will probably unload a partial position if it gaps above 400 on Monday. I don't see that much large block trading according to I-Watch so all that volume is retail trading. Incredible !!!! Do you have access to the Goldman Sach Internet Conference schedule? It starts Tuesday. I checked their site, but no go. The focus is a supposed to be the wireless internet so it should have a positive effect on QCOM, PHCM, WCII, RFMD, NT, LU. Harry