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


To: j g cordes who wrote (15893)5/8/1998 9:09:00 AM
From: giddy guru  Read Replies (1) | Respond to of 68092
 
//gg//

Jim,

Employment data looks anti-climatic. Market didn't get the big upsurge on nonfarm payroll, so now makes a big deal about 4.3% unemployment.

When market is so anticipatory on a particular data, it usually turns to be a nonevent. Already looking into next set of data.

/gg/



To: j g cordes who wrote (15893)5/8/1998 9:09:00 AM
From: Clint E.  Respond to of 68092
 
Jim, I like ITWO as a short candidate. Majority of stocks that become weak after earnings, stay weak for a while until the driving force that push them down changes. Stocks like SDTI, AVEI, CPWR, SAVLY, SEBL, CHKPF, PSFT, BAANF, NT.

Clint



To: j g cordes who wrote (15893)5/8/1998 9:47:00 AM
From: Clint E.  Respond to of 68092
 
Jim, time to buy. I am in BMCS & SAVLY...Quick scalp.........Clint



To: j g cordes who wrote (15893)5/8/1998 10:49:00 AM
From: Clint E.  Read Replies (2) | Respond to of 68092
 
Jim, this relief rally will be short-lived. I am looking for 1860 in NAZ again as the 1st level of resistance. I think we will oscillate around it for a couple of days before moving back down.

I'll be quick with my longs.

Clint