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To: IQBAL LATIF who wrote (21711)12/2/1998 12:58:00 PM
From: NickSE  Read Replies (1) | Respond to of 50167
 
Ike,

Some interesting reads...

US NAPM'S ORE: NON-MFG SECTOR 'CARRYING' ECONOMY; EXPORTS CULPRIT
economeister.com

FED SOURCES INDICATE LITTLE WILL TO CUT RATES FURTHER FOR NOW
economeister.com

Regards,
OrBiT



To: IQBAL LATIF who wrote (21711)12/2/1998 3:09:00 PM
From: oexplayer  Read Replies (1) | Respond to of 50167
 
Ike:

Interesting strength in the SOXX today! In the face of a weaker NDX and composite, do you see this move as simply rotation out of IIX stocks ect., or purely a continuation of the uptrend due to improving fundamentals? I noted some very bullish comments about the capitol equipment sector coming out of Semicon Japan! Pundits were looking for growth in the 20%-%30 range over the next few years mostly due to the emergence of new areas of usage for chips!

Also, do you agree with my assumption that one reason this correction/ consolidation will be fairly short-lived is because of the continued strength of the BKX and DJT? This decline in the DJX has not been preceded by drops in the traditional leading indicators; ie. BKX and DJX! Thanks for your comments!

Kevin



To: IQBAL LATIF who wrote (21711)12/2/1998 3:24:00 PM
From: James Strauss  Respond to of 50167
 
The Market
~~~~~~~~~~

New Lows Beginning To Creep Up Over 40
decisionpoint.com

McClellan Oscillator Falls Below "0"
decisionpoint.com

Mini A/D Double Top Forming
decisionpoint.com

We Are Close To A Test Of Multi-Index Trendlines
decisionpoint.com

I'd be watching S&P 1150 support area very closely...

Late day buying could be bullish if on big volume and New Highs
expand...

Jim