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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: epicure who wrote (66)12/3/1998 2:13:00 AM
From: HammerHead  Respond to of 99985
 
from briefing.com after the close.

<<Networking group likely to underperform again today... After the close, Cabletron Systems (CS -1/2) warned that it expects to record a Q3 loss of $0.10 per share, before charges, on revenues of $330-$340 mln due to significant pricing pressures, shifts in technology and longer market acceptance time... First Call estimates were for a gain of $0.11... Stock was down 3 1/2 in after hours trading.>>

Market Direction: So we might see some weakness in the networking sector on Thursday.



To: epicure who wrote (66)12/3/1998 7:57:00 AM
From: donald sew  Read Replies (1) | Respond to of 99985
 
X,

The SHORT-TERM READING on the SOX is 75 per yesterdays close, meaning it is approaching the overbought region(80 and above). I also have my eyes set on a MU and DELL short, just need a few more up days to become more ripe. It could turn right here, then I will miss it - I prefer to wait for the extremes which produce my CLASS signals, but take the risk that it doesnt get that high.

seeya