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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (11314)	1/26/1998 1:08:00 PM
From: R. Ramesh	Read Replies (1) \| Respond to of 79237

Doug SSAX has been going down for a while. It appears that the downtrend is associated with selling by Computer Associates who earlier got some shares at 3 7/8 in some financing deal. There is some opinion that as soon as the selling is over SSAX will bounce back to its previous level of upper 8 to low 9s. From what I hear (I am no expert and known to hear things wrong) the selling is several million shares and the dip can go down quite a bit. The bounce back, based on reading SSAX thread is going to be quick also (i.e., I don't think SSAX FA has changed, it is just that CA wants out and they will make profit as long as they sell above 3 7/8) May be you want to read SSAX with your TA skills and figure out a good entry point. Just thought I will bring this your attention. Ramesh