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

To: Tiley who wrote (17139)	7/17/1998 11:35:00 AM
From: Clint E.	Respond to of 69762

Hi Manish. Yes, SAVLY would have been a great short. Assuming the drop was purely based on est. cut, it should pop back up. Other stocks have. large blocks are very active today. Once they stop, the stock will recover. >>>PS: How about that Naz? Just keeps rolling higher! My thought has been that sometime after DELL reports(3rd week of Aug.), we'll reach the top but won't come off as sharply or steeply as we did last time(especially DOW stocks). It remains to be seen. Let's just watch the signals instead of trying to set a date or target. I can tell you that we are not there yet. I have seen NO signal to tell me that we are at or near the top. We still have some important earnings ahead:IBM, CA, BMCS, CPWR, PSFT, NETA, LU, NOKA, ERICY, NT, CSCO. BTW, let earnings of all these net stocks come & go then buy them like crazy because they are going to explode again. Clint