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

To: shasta23 who wrote (25048)	2/3/2000 4:28:00 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68215

It looks like we closed at the resistance level of 1430 on the SPX. The next resistance level is 1442. Despite the intra-day volatility, it appears that the SPX is trending nicely right now. Let's see if we can take out the next resistance level with conviction or we fall back. Given that tomorrow is Friday, I expect to see a test of resistance, but the index will close below as traders will not want to take positions home with them. Curious FFIV down on heavier than usually volume and MRVC down on lighter than usual volume. Both on a relatively positive day. Anyone follow the fundamentals on SCOC? They had a bunch of announcements yesterday, but no follow through in price today. MSFT owns 14 percent of the company. This is a Steve Harmon pick for 2000 I think. All three might be worth watching for short/long positions.