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

To: SBerglowe who wrote (17773)	9/15/1998 7:44:00 PM
From: Clint E.	Respond to of 70798

>>>The market is very deeply oversold. I think you have to like the financial stocks here also. That's true. Without BKX, DOW could have not pulled back from last Thursday's 7600 level. BKX dropped to 608 on that day, near its 52-wk low. I remember that afternoon. I was trying to get into CCI as it went to ~84. Is this the bottom? I don't know. Only if trading losses & bad loans are mostly limited to this qtr. Clint

To: SBerglowe who wrote (17773)	9/17/1998 11:14:00 AM
From: Clint E.	Read Replies (2) \| Respond to of 70798

Hello again. I know that DOW wasn't able to break through 8100 this time around and is now down 220 points, NAZ down 43. It could even get down to 7780 and NAZ could drop to 1625-1630. However, that doesn't change my mind at all. Short-term direction is still up and not taking advantage of days such as today to do some bottom fishing, shorting stocks at the bottom as we are heading lower, and keep looking for 7400 or 7000 could prove to be a financial suicide in the short-term. Obviously, you have to be in the right stock within the right group. Clint