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

To: Clint E. who wrote (27357)	7/18/2000 11:30:48 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68226

Hi Clint, Today is wholesale selling of all the high flyers. Even GALT and FDRY will looked good going into earnings which are today are being dumped. There is not much holding up on my screen. I dumped CLRS just now at 51 1/16. It was holding up well, but the selling of the broad tech market seems to be accelerating. I am not sure what pushes us higher after the bulk of earnings are out of the way. Next Q is traditionally weak in many sectors due to the slow down in Europe during July and August. I am not sure there is a reason to hold stocks as a result. Most people I think will wait for the post election rally instead. AMCC was the most bullist call I have ever heard. The CEO sure knows how to spin a tale. The fundamentals of their business are impressive. So how are you enjoying the more relaxed life style of holding longer and trading less? Due to the volatility I have actually had to do the reverse and trade more and hold for a shorter period of time.