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

To: space cadet who wrote (15834)	5/5/1998 9:28:00 AM
From: Clint E.	Respond to of 68127

Hi Space Cadet. I haven't given up. Like I said, I will post when somebody asks me a question or I see a change in trend like yesterday. I haven't changed my mind about NAZ or overall market since two weeks ago. I see a range-bound market in the intermediate term. Notice that NAZ has been opening higher and closing lower in some of last few sessions and the days that it has closed higher, it has been mostly due to late-day manipulation surge. Not a good sign. MSFT, If it were at 92, I would say that is going to 87. Now that it is at 88, with weakness in NAZ, it could easily go lower before Win98 release. I hear Win98 is for Power Users and that's is contradictory with the mentality & need of those who have been buying <1K PCs. So, perhaps we shouldn't expect a lot of upgrades. As far as playing momentum stocks, yes I played a few names for quick scalps. It is fun when you are riding them higher but painful otherwise. Later; Clint PS, Watch 1860 on NAZ. We are going there as 1st stop. Traders are smarter this week than the week of MSFT and are cashing out ahead of CSCO.