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

To: giddy guru who wrote (16184)5/27/1998 9:27:00 AM
From: Clint E.  Respond to of 68290
 
>What's your opinion on the current correction and where are we going?

1770 was my first target yesterday which we didn't hit but should obviously hit at the open. 1750 is the next target.

A little bit of fear is good for stocks. That's why I've been saying keep an eye on the net stocks since they have been the ultimate personification of greed and now the fear.

>>Waiting to pick up DELL at mid 70s, YHOO in 90s and AOL in low 70s for trading.

I am NOT as bearish as you are. Unless NAZ goes to 1700, I don't see YHOO breaking 100 or AOL getting to low 70s.

Don't forget that we will always drop ahead of window-dressing. At these levels, mutual funds shouldn't mind getting into selected stocks.

>>Market is in the trading range for a while.

You mean, it was. NAZ was range-bound between 1800-1870.

>>Anything for today?

SAVLY, MANU......reversal later....and anything else in between. I will keep you posted.

I expect further drop in CLST today.

I will cover all shorts as early as this AM. Watch 1750. An opening gap down, at this stage of sell off, is bullish IMO.

Clint



To: giddy guru who wrote (16184)5/27/1998 9:51:00 AM
From: Clint E.  Respond to of 68290
 
GG------covered....



To: giddy guru who wrote (16184)5/27/1998 10:02:00 AM
From: Clint E.  Read Replies (1) | Respond to of 68290
 
GG---long MANU, SAVLY, CPWR, DELL, & LLTC------Like I said, gap downs at this stage of sell off is bullish.

Now back to work.

Clint



To: giddy guru who wrote (16184)6/1/1998 3:44:00 AM
From: Clint E.  Read Replies (1) | Respond to of 68290
 
Giddy buddy, I think I owe you an apology. I was a bit short with you last Wed. I was so sure that NAZ will rally back that I didn't want you to influence my trades.

Sorry if I were rough on you. I'll try not to do it again but I must warn you that I sometimes get tense during market action. That's usually a good sign.

Good luck with your stocks;

Clint


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