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


To: Clint E. who wrote (19781)2/9/1999 11:28:00 PM
From: Jurgen  Read Replies (2) | Respond to of 69147
 
Hi Clint,
Naz rapidly approaching my downside target of 2,260. I hope for a continuation of the sell-off tomorrow a.m. to get my limit orders filled. I'll sell if we break the 50 day MA (2,225.82). Just a bounce play, there is more downside left imo, the Naz is still 22% above its 200 day average. What could hold it up there ?

csco 93
emc 94
lgto 49
lu 92
msft 155
yhoo 136

YHOO is one of a few stocks i follow that has its October trendline still valid. If 136 holds it will be good for a couple of points. Especially now that everyone sees the sky falling on the nets

Jurgen