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


To: Clint E. who wrote (18673)12/4/1998 12:27:00 PM
From: mattie  Read Replies (1) | Respond to of 69259
 
My view on the market now is that we are basing after the big run. Downside on SPX around 1150, upside about 1190. I think we make a run at the highs again, with the possibility of breaking though. Technology earnings should be strong, the Fed is accomodative, liquidity is good in the top names. I would not want to be long the 'old economy' names - KO, DIS, BA, etc - but health care and technology will continue to do well.

Thats my take.



To: Clint E. who wrote (18673)12/4/1998 12:50:00 PM
From: mattie  Read Replies (1) | Respond to of 69259
 
Clint, What is your view on this market? How low on the SPX and NAZ?



To: Clint E. who wrote (18673)12/4/1998 1:29:00 PM
From: Steve Yuan  Read Replies (2) | Respond to of 69259
 
Hi, Clint,

It seems that Market has more downside to go. Given the good news, today's rally is not impressive at all. Maybe the volume has something to do with Friday. However, it has been several days in a row that market has small volume up and large volume down. The market really does not look encouraging.

What do you think about CPQ? These two day CPQ has been strong. Also, I want play seek for next week's launch of go network.

Steve