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

To: Clint E. who wrote (18652)	12/3/1998 4:33:00 PM
From: Steve Yuan	Read Replies (1) \| Respond to of 69278

Hi, Clint, What is your take on this market? Will it drop three days in a row and have another black Monday? :-) I think the coordinated rate cut in Europe is a surprise. But it seems that the surprise from Brazil is much more powerful. Market seems to look for something to have a correction. Steve

To: Clint E. who wrote (18652)	12/3/1998 10:57:00 PM
From: mattie	Read Replies (1) \| Respond to of 69278

Clint, looks like sell programs kicked in once the market didn't move up. I have no clue on what will happen tommorrow. The employment numbers will move the market - but which direction? I agree that this profit taking is healthy. I am positive on the market overall. Money is staying in the US stock market - just rotating to different sectors. Also interest rates should stay low, therefore the alternatives to equities are not impressive. Although profit growth for the SP500 will not be that hot, many companies are doing very well - especially in tech and health care. I am staying invested in these companies that can grow top and bottom line growth.