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


To: giddy guru who wrote (16082)5/18/1998 5:14:00 PM
From: Clint E.  Read Replies (3) | Respond to of 68005
 
>>>Surprised at your bullishness. Market is sick. A/D decline

And I am surprised at you throwing A/D # at me. You know I don't follow CNBC-made yard sticks or anything else that SI follows. In the past, they have told you "where we were/are" and I have told you "where we are going". You have to trust me. I think I deserve that, as I have outlined every NAZ move in the last couple of months on this space.

I am hinging my bullishness on two simple conditions:
1. No rate hike tomorrow.
2. DELL reporting superb earnings tomorrow.

If those conditions are met, we will have a rally in NAZ that will burst thru 1870 resistance this week. I don't expect a step-response move, but I peg 1825 as the low for this month with new highs in NAZ ahead.

I'll be more assured after watching the tape tomorrow.

>>What do you think of WCOM - Slow mover?
Yes, Don't follow it.

Clint