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


To: Tiley who wrote (16589)6/15/1998 5:56:00 PM
From: Clint E.  Read Replies (1) | Respond to of 69173
 
Hi Manish, I need to look at a few things and get back to you tonight.

Gotta put some stuff in the oven at work!

Clint



To: Tiley who wrote (16589)6/16/1998 8:41:00 AM
From: Clint E.  Respond to of 69173
 
Manish, I was going to do a two-page response but in the interest of time, I think DOW could have another 100-200 points on the down side but NAZ has pretty much bottomed here.

We may get a couple of more warnings out of big DOW international stocks. I am also expecting a couple of warnings from SOX stocks.

Once we get a couple of more major pre-announcements out, then we can start thinking about a sustained rally.

WS doesn't care about currency translation so I throw away the pre-announcements that are mostly due to strong $.

We will turn around but it is difficult to say when.

Clint



To: Tiley who wrote (16589)6/17/1998 10:08:00 AM
From: Clint E.  Read Replies (1) | Respond to of 69173
 
Manish, this could be the start of our Summer rally. We need to close strong(take out 1780 in NAZ and 8800 in DOW) on good vol(750M+ in NAZ & 600M in NYSE).

In that case, leave fundamentals behind because they don't matter.

What an excellent timing on the part of Edleston to lower INTC's est. today. Market doesn't care.

Clint