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


To: Tiley who wrote (18360)11/13/1998 10:32:00 AM
From: Clint E.  Respond to of 68211
 
Let's start a chain post. Hello Mattie and Manish!!!!

I agree about the downside being limited. 8800-8850 in the DOW and 1845 in the NAZ have held up so far and barring any bad news between now and next Tues., I think we will go slightly higher before then.

I don't think we will get a rate cut and I expect a pullback to these levels or 1% lower(above 200 dma). However that will be considered a buying opportunity.

DELL was taken higher on negative MF as one of the icons of this rally. A 10% pullback seems insignificant at this point but when the market turns weak again, it will be a good short.

Clint