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To: Chris who wrote (6640)3/7/1998 11:47:00 PM
From: Chris  Respond to of 42787
 
mkt outlook

i still have weekly buys on mkt.. now,, because of earnings warnings and such, TA isn't as effective.. currently, i've had daily sell signals 3/4/98 for djia

support levels for djia are 21 day ema @ 8379

if 21 day ema does not hold, then we will see support retest at 8150.

i do think 21 day ema will hold, and we will continue to move higher.

naz held above the 21 day ema.. will see if it stay above it.

as soon as my weekly signals show "topping" signs, then i will move to caution mode..

again, news will "skew" my TA for sure.

strong sectors are banking/oils.

you guys saw Walmart? watch mdco, petd, apco as well.