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

To: xcr600 who wrote (19048)	12/24/1998 9:16:00 AM
From: Clint E.	Read Replies (1) \| Respond to of 70347

Morning, X. >>>stocks that ran big around Xgiving haven't done much. But the more recent ipo's(MZON,TGLO,EWBX,UBID,etc) are really on a tear. Are people gunshy or the old stocks are yesterdays garbage... It is because the net stocks are news-driven and some of the stocks you mentioned were in the news. Also stocks that make new highs are much safer targets for momentum players than stocks like NAVR that have lost most of their recent gains. >>>>I've been hoping for a pullback in the Naz to get into a quality issue at a cheaper price. Will wait. Why the pullback that week? As far as waiting part, after several up 50+ days and given the +ve bias next week(low-volume push-up week), any pullback should seem insignificant from the 98 close. Too early to tell since we still have a few days left but if I were to guess, I would guess that we would see 2125-2130 again during that week. Watch 2140 in the NAZ. That # will be revisited for sure. Frist week of each month is usually a crazy week especially in Jan. since many predictions and strategies are discussed. After the gains we've had and ahead of earnings releases on the 2nd. week, it would be a good week for price consolidation. Looks like we should play DLIA this morning. Clint