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

To: fedhead who wrote (18052)	10/15/1998 7:54:00 PM
From: Clint E.	Respond to of 69730

>>>So do you think we are at the end of the bear ? I didn't say that. The question was if SPX would test 960 in the next 3 weeks. Thanks to BKX, 990-1000 is now "hard" support for SPX. New higher trading range in leading averages(DOW,SPX,NAZ,OEX) in the intermediate term. Clint

To: fedhead who wrote (18052)	10/16/1998 3:15:00 AM
From: Johnny Canuck	Respond to of 69730

Anindo, Early indications are that LU will be safe. The ADTN report indicates that the RBOC are still buying and that outlook is positive going forward. This demand on the edges of the infrastructure should translate into demand on the back-bone. The one area of weakness may be wireless as indicated by the TQNT earnings report. TQNT supplies to NT and they reported that their contract has been pushed out 6 to 9 months. LU has a billion dollar backlog in wireless though. The key will be whether they will be able to replace this going forward. Short term they look fine as Clint has mentioned. The TLAB earnings report suggest there is strength in the LEC's too. The XYLN report suggest that networking is not as weak as previously thought. LU does about 1 billion dollars in networking each year. Harry