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

To: mattie who wrote (18910)	12/16/1998 9:14:00 PM
From: go4it	Respond to of 69737

Mattie, I would expect SALT to decrease after the news announcement they put out today. biz.yahoo.com from a fundamental standpoint of course this Iraqi thing isn't going to help out very many stocks tomorrow. Any thoughts? Chuck

To: mattie who wrote (18910)	12/16/1998 9:31:00 PM
From: drsvelte	Respond to of 69737

mattie: I think you picked a live one in SALT. 3X volume today to new 52 week high. IBD shows A for ACC/DIST and A for timeliness. I may join!

To: mattie who wrote (18910)	12/16/1998 10:28:00 PM
From: j g cordes	Respond to of 69737

mattie, you're positive which means its my responsibility to point out the other side. its Christmas and I've seen G Foremans and juicers going out the door for middle age cooking gifts.. low fat, big punch.

To: mattie who wrote (18910)	12/17/1998 2:43:00 AM
From: Clint E.	Read Replies (1) \| Respond to of 69737

===My forecast for the rest of this year and Jan. 99 earnings season:=== I don't expect the market to come apart no matter what happens with Clinton or Iraq but I don't expect a big rally either. I expect the DOW to hold at its 200 dma as we get thru these events and in general I expect the market heading higher next week. Trading range for the rest of 98: DOW=8700 to 9030------End of year target @ 8975. NAZ=1980 to 2118------End of year target @ 2080. SPX=1150 to 1200------End of year target @ 1195. I expect at least one or two shakeouts(like the one we had this past Monday) between now and the 2nd week of Jan. that could last one or two days. Starting on the 2nd. week of Jan., I expect to see a more solid uptrend pattern that should last thru the 1st week of Feb. My targets are: DOW=9500 NAZ=2300 SPX=1300 What happens after that and what stories could possibly move the market is something that I haven't thought about yet. Frankly, I am anxious and planning to listen to many CCs in Jan. Clint