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


To: Suresh who wrote (18749)12/9/1998 10:29:00 AM
From: Clint E.  Read Replies (4) | Respond to of 69207
 
Hello again. We've already dropped 9 points since I posted. Since many sell on the way down and not on the way up, it could push stocks down faster.

The NAZ's previous high ~2030 plus DOW=~9k, SPX=~1080 are providing some intraday support. Also, many are expecting a rally after closing the intraday gap(we are flat right now).

The market is fragile right now(intraday). Any bad news will push it lower. Good news would stablize it.

Clint