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

To: Judy who wrote (14830)	12/1/1997 6:12:00 PM
From: Michael Rich	Respond to of 68156

Hello Judy. I would feel more bullish if we got better breadth and volume on NAZ. That said, the markets were very strong all day. Some major resistances are taken out...50 ema of NDX and COMPX, 20ema of SOX. Indicex are OB now, let's watch the volume on pullbacks tomorrow. I didn't do anything today and am still holding AMAT puts. The chance for bears is Friday's emplyment number... CSCO...yes blocks are buying at this level. QCOM ... block MF was flat and inactive. IOM ... some selling at the beginning then some buying. MSFT continues to run w/o block support. >> Damn these splits in stocks, my charts are all messed up. << Yep, especially those 3 for 2 splits. Even good ol' eyeballscan't handle that. Later.