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

To: mattie who wrote (18797)	12/11/1998 11:18:00 AM
From: Clint E.	Respond to of 69249

Mattie; naz's previous intraday low of 2004(a few days ago) was lightly touched and bounced back. NAZ's previous high of 2028 is acting as resistance. Too much intraday advance in too short of a time also suggests short-lived intraday profit taking. keep on watching intc, txn, orcl, msft, csco. good luck with apd and gd shorts. I covered bgen and intu. Better go to work now!!! I'll look at apd there. BTW, we truly have a divergence between the naz, DOW, & to some degree SPX. As I often say, as long as BKX stays weak I expect the DOW to be weak and hence float around/sub 9k---->No new highs for this year. Clint