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

To: mattie who wrote (19778)	2/9/1999 10:08:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 69144

Hi Mattie. >>>>Asian markets are not that bad....SP futures are now up. We may not get a gap lower tomarrow As you know it is too early to tell but I do take that as a positive sign. With respect to this morning: In a so-so (neutral) market, if the futures is weak all night, Europe is also down, and then somehow magically the futures firms up before the open, use the opportunity to jump out if you are long. I noticed that SPX closed at its 50 dma today. Roughly-speaking, INTC & CSCO did the same. SOX closed 6 points above its 50 dma of 368. TXN closed just below its 50 dma of 88.875. 50 dma for NDX is 1858 and it closed at 1935. The only way for NDX to reach anywhere near 1858 is for MSFT to cave in taking intc, csco...down which I doubt. I am inclined to think that 50 dma for csco and intc will hold and with some support from SOX and SPX near these levels, any drop in the NAZ will be small(down to 2280-2300) and in form of a spike. We could see a mixed picture where large-cap tech leaders hold up far better than smaller stocks. What do you think about the chart of TLAB? Clint