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To: Mats Ericsson who wrote (3412)6/30/1998 8:58:00 AM
From: Jim Cash  Read Replies (2) | Respond to of 60323
 
Certainly from a TA perspective SNDK has been and is hurting... The 9 and 20 day MA have both been STRONG resistance for quite some time and both are heading in a southerly direction. I don't think we will have any sustained price improvement until the fundamentals improve. I spoke with someone at Merril about Japan. He said that their economist are calling for 170 - 180 YEN per dollar... That's not going to help this situation 1 bit.