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

To: Clint E. who wrote (19683)	2/4/1999 8:38:00 PM
From: Jurgen	Read Replies (2) \| Respond to of 70390

Hi Clint and everybody, back from a terrible trip to China. I had a quick look at the charts - boy, i missed all the fun .. I've got a confirmed sell signal on the S+P500 and DJ30; the Naz is still on a buy as long as 2200 holds. I'll stay on the sidelines for now. On a side note: late 1997 i took a small position in BAY at 36. My worst trade ever, no stop loss - it turned into an "investment". I got 120 NT shares for my 200 BAY, and NT fell as low as 28 in October 98 - a 55% paper loss for me. I swore i wouldn't sell before i had made a 5% profit and entered a gtc at 63. I had already forgotten about it but today i received a trade confirmation - sold at 63 1/8 on 1-29-99.... Jurgen

To: Clint E. who wrote (19683)	2/4/1999 9:25:00 PM
From: fedhead	Read Replies (1) \| Respond to of 70390

Got slaughtered on my inet positions today. Whats your take on the market ? Was today a head fake or or the beginning of something serious. Anindo

To: Clint E. who wrote (19683)	2/5/1999 6:48:00 AM
From: Iris Shih	Read Replies (1) \| Respond to of 70390

Good morning Clint, Didn't get the chance to watch the market yesterday. Had an appointment with my physician and spent sometime there in the hospital. Nothing serious but like the market, I need to take a breathe here. What can I say about Kurlark? Told investors to accumulate amd around 27 last Dec. and then now to sell under 20. What an analyst! I was surprised to see intc slip so much yesterday. In this nosebleeding high market, the tech leaders are especially vulnerable. The late sell-off might come from the news leak regarding amd's quarter loss. If this a price war between intc and amd, doesn't amd's failure translate to intc's success? Lets review what intc said in this conference: SAN FRANCISCO, Feb 2 (Reuters) - Intel Corp. (Nasdaq:INTC - news), the world's largest maker of semiconductors, said that the current demand for PCs ''remains very strong,'' but that it is not changing its previous forecast for the first quarter. When Intel reported its fourth quarter in January, it also said that first quarter revenues would drop below the $7.6 billion it reported in the fourth quarter. ''We have not changed our guidance,'' Gordon Casey, director of investor relations at Intel, told a NationsBanc Montgomery Securities technology conference. ''Certainly consumer demand for PCs remains very strong. We are on track.'' Casey was responding to a question from NationsBanc Montgomery Securities analyst Jonathan Joseph, who asked him if Intel was changing its guidance to Wall Street, after the month of January came in better than expected. During his presentation, Casey reiterated that Intel's previous forecast that first quarter revenues would be lower than the fourth quarter due to seasonal factors, and that gross profit margins would be down slightly from the fourth quarter. He also said that expenses would be lower than fourth quarter levels of $1.6 billion. Casey also said that Intel, which was to begin production of its chips using 0.18 micron technology in the second half of the year, planned to have all its manufacturing use the 0.18 micron process by the end of the year 2000. Nothing new here. But like you said, market might be in for some trading range here. They don't want the leaders breaking new highs here. By the way, the 300mm rumor might turn out to be true. I am surprised to see that some of my dogs were doing well yesterday, ie pria, brks, cymi... Other equipment stocks were holding up relatively well too. Iris