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

To: mattie who wrote (18648)	12/3/1998 2:39:00 PM
From: Clint E.	Respond to of 69293

I think the most amazing move is the move in the SOX index. All the top gainers today(lltc,nvls,amat,klac,txn,xlnx,mu....)are over valued at this time but they are being pushed by the same folks who were buying the net stocks a few days ago.

To: mattie who wrote (18648)	12/3/1998 4:03:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 69293

What happened? I came back ten mins ago. Too much over-valuation? Looking at intraday charts of the NAZ and DOW shows that once the market didn't recover by 3PM, everybody started dumping. I dumped mer, jpm and unph. Wish hadn't gone away and was here when it happened so I could have shorted something. Market is going in the right direction. The DOW is oversold but the NAZ is not. People have been too bullish and fully invested. It is good to take a break, especailly in many over-valued NAZ stocks. Clint