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

To: Clint E. who wrote (16242)6/1/1998 12:53:00 PM
From: giddy guru  Read Replies (1) | Respond to of 68324
 
//gg//

Clint,

Agreed. For NAZ to go high, it has to rally this p.m. to the positive side. Today's bond, Utilities and DJIA could have been driven by overseas money looking for a safe place.

If NAZ can't climb up today, NDX may test 1125. I went long on a couple of trading buys (DELL and YHOO). Its an odds game and you take chances, sometimes. If things get ugly, I need to run.

Lets wait and see.

/gg/



To: Clint E. who wrote (16242)6/1/1998 2:49:00 PM
From: Jurgen  Read Replies (2) | Respond to of 68324
 
...but I DO NOT expect a rally in NAZ today. I expect a close at its intraday low, whatever that ends up being. Let's say 1750ish. Now @ 1765...

Clint, excellent call as always. Naz below 1750 and still falling. Your timing is amazing :)
I'm still short DELL and TXN. I think i'll cover today. Things start looking short-term oversold.

Jurgen


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