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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (16766)10/19/1998 6:06:00 PM
From: Judy  Read Replies (1) | Respond to of 42787
 
Jim, the technicals speak for themselves and at critical junctures one needs to mull things over whenever there is a dynamic change in fundmentals. As far as I am concerned, the market is in a trading range between 8100-8600 ... until either limit is breached definitively. And SPY should piddle around its 200-day ema at 106ish forming a strong base. Greenspan did a fantastic job buying time for PE contraction to occur naturally and orderly without the fear of reccession.

What a change in sentiment ... analyst after analyst interviewed on CNBC is now saying we've seen the market bottom for the year.

btw, thanks for your input on AOL and PFE. I decided AOL was the better long trade, with a 114ish target, so wish me luck.