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

To: mattie who wrote (18151)10/26/1998 2:31:00 PM
From: Clint E.  Read Replies (1) | Respond to of 67962
 
Hello Mattie;

I have no target for where the top of our trading range would be but I imagine since we are in a momentum-driven market, SPX could overshoot from a nice round number like 1100. So, your 1110 sounds good for now.

There are some macro events(Bank of England meeting, release of ECI) that are taking place this week so our market could react to such news.

Clint



To: mattie who wrote (18151)10/27/1998 12:20:00 PM
From: Clint E.  Read Replies (2) | Respond to of 67962
 
Mattie, I think we are heading down to test 8300 in the DOW. DOW reversed from -20 to up 12 now. NAZ is up 12 too.

I wouldn't go long stocks at this point. Maybe tomorrow afternoon or Thurs. morning.

Clint


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