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

To: Clint E. who wrote (18738)	12/8/1998 4:18:00 PM
From: Steve Yuan	Respond to of 69256

Thanks, Clint. I am also very surprised that DAX is drifting after the coordinated rate cut. For the last two rate cut here, we got a first day boost. Then the market drift for one or two days and then shot up. It did not seems to be the case for European market. However, I really do not see compelling reason to sell stocks given more and more positive comments from both companies and analysts. If we get one or two flagship companies to release warnings, the market could be very susceptible to corrections. If we do not, we should still have some good days ahead. Steve