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

To: Clint E. who wrote (18338)	11/9/1998 12:04:00 PM
From: mattie	Read Replies (1) \| Respond to of 68168

When do we step up and buy this selloff? 1125 on SPX looks like solid support. The low so far today was 1127.

To: Clint E. who wrote (18338)	11/9/1998 4:53:00 PM
From: Iris Shih	Read Replies (1) \| Respond to of 68168

Clint, I am going to just forget about ratecut or no-ratecut. Like you said it's just noise. Market wants to rally anyway. We got a down morning for traders to pick up more stocks and came back strong till the end. Dell starts its pre-earning run today. Picked up some this morning. Add more eggs when it broke out 9 5/8. Internet stocks went ballistic. I have some nscp and added more this morning. It is doing catchup. However I'll have my eye on exit and keep tight stops. Rotated some money out of semis. But intc and amd are just keep going and going. Iris

To: Clint E. who wrote (18338)	11/9/1998 7:17:00 PM
From: Iris Shih	Respond to of 68168

Basis Points By John M. Berry Sunday, November 8, 1998; Page H02 The bond market wilted last week as it tried to absorb the $38 billion in notes and bonds sold in the Treasury's quarterly re-funding. Yields on one-year bills and two-year notes surged nearly half a percentage point, and 30-year bond yields rose nearly a quarter-point. The market was also hammered by many analysts' misinterpretation of remarks in a speech by Federal Reserve Chairman Alan Greenspan. Some thought Greenspan was signaling that financial markets have settled down enough that the Fed is not likely to cut short-term rates next week. In the context of the speech, however, it was clear that no such signal was intended. Tomorrow Treasury will sell $8 billion each in three- and six-month bills and $11 billion in one-year bills. In when-issued trading Friday, the three-month bills yielded 4.60 percent, the six-month bills 4.71 percent and the year bills 4.64 percent. fffffa9 Copyright 1998 The Washington Post Company