To: Gottfried who wrote (17368 ) 3/8/1998 10:26:00 PM From: Steve Byers Read Replies (4) | Respond to
Barrons, page 20 is very interesting Technical analysis, more cautionary on levels than anything else, particularly the tech sector, but overall too... this is NOT my bag, but would really like to understand more, even if to understand what other market watchers are looking at, and what the telltale signs are to THEM... as I DO believe that these signals CAN result in precipitous moves... have a buy order in at 32 1/2... and think I'll leave it there... but will put the next order in at 31...and will hold on to my current small short position for a while longer... I really DO think that several more pre-announcements may very well drive the sector lower, and then actual announcements could bring about a short term correction... for rebound in (say) late April, early May... from a level of 7900 or so??? we'll see... Iraq and Bosnia are still wild cards, don't think Slick Willie is going to come down as I thought in January... (what a sorry state of ethics in the general public who think that the Clinton White House is doing anything BUT obstructing justice... the whole damage control network, attacking attackers, using the bully pulpit... I just can't wait for Bill to be out, don't much care who takes office after him, just as long as it is someone who isn't so blatantly lying to the public...)
