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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (27753)	1/17/1999 1:46:00 AM
From: Jeffrey D	Respond to of 70976

Brian/all, according to S&P Personal Wealth on-line, they expect Tuesday to be another up day in the markets. They believe the "leaders of the NASDAQ" and the S&P 500 will continue their gains. Hmm, I believe AMAT is one of the leaders of the NASDAQ. Jeff << Additional Gains Seen for Tuesday NEW YORK, Jan. 15 (Standard & Poor's) - A solid price recovery on Friday and bullish breadth readings suggest that Tuesday should also be an up day. The real test of buyers' conviction will probably come on Wednesday which just happens to coincide with Greenspan's testimony in front of the House Ways & Means Committee (scheduled to begin at 10:00 a.m. ET on Wednesday). The leaders of the NASDAQ and the S&P 500 still look like the best bets for continued gains. Both of these markets issued bullish divergences in Thursday's sell-off, and Friday's action saw a display of power as both of these indexes recovered all of their Thursday losses and more. Friday saw a bullish expansion in breadth which often precedes short-term moves higher. Seasonal strength is on the side of the bulls (November, December, and January historically represent the best three-month run for the S&P 500). The U.S. financial markets are closed on Monday in observance of Martin Luther King, Jr. Day. >>