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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (13720)	2/18/1999 11:13:00 AM
From: Gregg Sterner	Respond to of 90042

International Events May Be Excuse To Sell - Wall Street Detective investorlinks.com Most major indexes are near crucial intermediate support areas, with NASDAQ strong support still some 5 to 7% from current levels. The key support level to watch is the S&P 500's 1200 area. A break below that would suggest another 5 to 10% below current levels is possible. From The Wall Street Detective Technical Trading: "Downside Warning" investorlinks.com The Dow tried to rally this morning, moving up 50 points before failing. Looking at the 60 Minute chart, there is a very clear potential for a continued move down to 9100. If we break 9100 to the downside, that would mean we could see a move out of the consolidation, down to something like 8850. From Ed Downs at OmniTrader. Newsletter bullishness worth watching investorlinks.com Watching the pulse of the market sometimes means more than keeping track of the indexes. Sometimes, it's just as important to see what those "in-the-know" are predicting about the market. Plus today's value stock pick: Boston Acoustics (NASDAQ: BOSA) From Timothy Vick -- analyst/editor, Today's Value Investor Whose Assets Are You Growing Anyway? investorlinks.com Mutual fund companies talk about what is in the best interest of their shareholders. Yet, like any profit-hungry corporation, there's a build-the-business bottom line. From Doug Fabian President of Fabian Investment Resources. Today's Bull Market Report investorlinks.com OK, now we're concerned. The market has been see-sawing for over a week now, but it looks like today things took a turn for the worse. There is lots of nervousness out there and if you'd like to join the crowd, it may be time to lighten up on some of your winners. Thursday's Daytrader Worksheet investorlinks.com The daily NYSE Advance Decline line closed lower on Wednesday. The line closed at 50,863. The reaction low in the line is 49,052. It will be important for the line to hold the low. A lower low in the line will be strong technical negative for equities. From Downing & Associates Technical Analysis. The Dallas Blue Chip Industry Index Summary investorlinks.com Texas Utilities (NYSE:TXU) rallied over 1 point for the second day in a row behind a strong utility sector. The stock has been in a trading range between 40 and 46 for several months. It is exhibiting strong insider buying. From The Wall Street Detective Mark Leibovit Daily Quick Analysis investorlinks.com It appears more selling lies ahead, especially in the Dow Industrials which as some catching up to do on the downside. Support in the Dow Industrials lies in the 9000-9050 range. Panicky peddling. . . Gene Inger Daily Analysis investorlinks.com Panicky peddling. . . was not our expectation last night when S&P premiums evaporated, and a big discount prevailed on the overnight Globex market. _________________________________________________________________ JUST IN -- STOCK PICKS AND PANS _________________________________________________________________ SELL SIGNALS: Verisign Valued Very Richly investorlinks.com Verisign (NASDAQ: VRSN) has lots of business, more than it can handle in fact. Just look at the recent financial results. Revenue was up 164%. Not shabby at all. But looking beneath the surface, it's clear to me that I would not touch Verisign at these levels. From Individual Investor Online. Today's Market Call - Intel Corporation (NASDAQ: INTC) investorlinks.com The latest stock in danger of breaking support and showing a change in investor expectations is Intel Corporation. A break below 125 signals a change in expectation of the market participants. Once INTC breaks 125, every investor that bought INTC since January 6 will be losing money. From Professional Day Trader Mark Seleznov at TrendTrader.com Wednesday's Charts of Interest investorlinks.com Chart of Jabil Circuit (NYSE: JBL) is looking bearish, as the stock made a series of lower lows. JBL already fell below its 25/50 day moving averages, which have started to trend down. JBL could pull back to mid-$50s ahead. From Trading-Ideas.com NASDAQ Closed Just Above 50 Day Support - Trading-Ideas.com investorlinks.com U.S. stocks fell sharply led by technology stocks after Dell and Hewlett-Packard reported weaker-than-expected sales, which increased concern that the industry growth might be slowing. From Trading-Ideas.com. Elan (NYSE: ELN): Getting Higher from its Own Drugs investorlinks.com The verdict is in. Investors like Elan Corp.'s (NYSE: ELN) strategy to focus more on making and selling its own drugs rather than making drugs for other companies. On February 8, Elan traded at a new high of $80 per share, before retreating to a recent $78. From Individual Investor Online. ** Today's Trading Ideas from The "GEARS" investorlinks.com Our current list of trading long ideas is unchanged from 114 the previous day. New long ideas yesterday numbered 2 stocks. Open long positions that can be added to at the current price number 50 stocks. New long pick: Cox Radio Inc (NYSE: CXR) From Global Equity Analytics & Research Service, L.L.C. (GEARS)