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

To: mattie who wrote (18968)	12/18/1998 1:47:00 PM
From: Clint E.	Respond to of 70430

Good afternoon Mattie. The thing about the naz to remember is this : Within each century mark, the resistance/support numbers are xx00 +/-5, xx25 +5, xx50 +/-5, and xx75 +5. That's why I expect to see resistance as we get near 2080. today reminds me of the day before X-giving. Low-volume push up day. >>>>Its Monday that I am worrying about....buy on rumor sell on impeachment and fallout from the bombing. I thought that the media is now spreading the word that neither matters. That's what I heard two nights ago on NBR. Personally, I don't think that Iraq matters at all. Clinton is just a short-term issue to the market. I don't think he is going anywhere. what a boring 3ple-witching. Don't you think? Clint

To: mattie who wrote (18968)	12/18/1998 1:59:00 PM
From: Clint E.	Respond to of 70430

example of what i call solid action.....volume is not there but that solid rising line in the naz looks beautiful. beta.nasdaq.com

To: mattie who wrote (18968)	12/18/1998 3:20:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 70430

We backed off from 2080 but nothing major so far. If we close strong like this, it doesn't matter if gap down on Monday due to whatever news is released over the weekend, because that would be considered a buying opportunity!!!...or short covering opportunity!! Intc's upgrade today lifting the SOX has been an effective catalyst. Clint

To: mattie who wrote (18968)	12/18/1998 3:55:00 PM
From: Clint E.	Respond to of 70430

last-min run up...csco at 90 and ibm broke thru its trading range. it hurts!!! csco seems to always run on expiry days. no bad news over the weekend ----> gap up on Monday and a trip to 2100.

To: mattie who wrote (18968)	12/18/1998 4:51:00 PM
From: Clint E.	Respond to of 70430

This looks like a breakout chart for the NAZ. beta.nasdaq.com

To: mattie who wrote (18968)	12/18/1998 6:45:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 70430

Well, here is a new year's resolution. This is the last time I get into a stock before checking all the news first!!! I just found out from the CSCO thread that CSCO was mentioned this morning on CNBC as being upgraded to a "strong buy" by Cowen with a target of 105. I was wondering why it gapped up in the morning but never bothered checking. MSFT+INTC+WCOM+CSCO+ORCL accounted for ~27 of 42 NAZ points today. I need to double check because in the last month these stocks have risen much faster than the rest of stocks in the NAZ & NDX.