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

To: j g cordes who wrote (18876)	12/14/1998 6:01:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 69155

Jim, why do you think the market didn't go back up? Only 1/3 of smart money decided to get in!!!!! Perhaps I should have said, "small money'!!! Murphy still around? Mutual funds have been selling into the tech rally in the last two weeks. That's one thing I've been screaming and complaining about in the last two weeks: that msft, intc, csco,..are manipulated up at the end of the day on negative MF. Nevertheless, if the news is finally hitting CNBC, I suspect we will see further pressure on the NAZ. The supports are 1950, 1920, 1900, 1880, 1850(ultimate support). I think 1900 will hold for this year. Don't remember about the DOW. I would think 8550-8600 should hold. This is a good week to get it all out & bang them all lower. Clint