SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: mattie who wrote (18132)10/23/1998 1:00:00 PM
From: Clint E.  Respond to of 67921
 
Hi Mattie.

>>>I am amazed that the market is holding on so....

If you study previous market reversals you will notice that after a few strong up days, profit taking would result into "INTRADAY" pullbacks followed by resumption of the trend......of course, until we hit some kind of hard resistance or bad news.

As I said to Suresh on Wed. morning, the tech stocks are now acting as intraday (developing into daily) leaders. This happened right after MSFT, IBM, CA earnings.

BKX held up above ~715 too which is quite positive.

I am thinking of starting to nibble back into MSFT.

Clint



To: mattie who wrote (18132)10/23/1998 1:14:00 PM
From: Clint E.  Read Replies (1) | Respond to of 67921
 
Started getting back into MSFT at 107-7/8.

BTW, was there any news on PFE?

Clint