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


To: j g cordes who wrote (17286)7/24/1998 11:41:00 AM
From: Clint E.  Respond to of 69885
 
Yes, it is a mess out there. I now regard what I called "short-term top" at 2020 on Tues morning to be the "ultimate" top for weeks to come. It is difficult to tell short-term top from absolute top until a few days after it actually happens.

There will be many "failed" attempts to head back to previous highs....The first resistance at 1950 & the next at 1980......Trading range will be set(1st one between 1910-1980, IMO)......There will be those +30 days......The net stocks will come back....Longs and shorts will both prosper......

NAZ at 1920, it's previous high.....Shake out not finished yet.

Clint