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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (7358)	3/2/1999 8:01:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Ramsey, The next supports under the 9050-9100 range are: 1) near 8800 = 200 DAY MOVING AVERAGE 2) 8650 range = DECEMBERs LOWS You may be quite right about the earnings warnings which may nich the sideways action, but I still feel that there should at least be a somesort of bounce. I would not trade that bounce to the upside, but it may give one last opportunity to initiate shorts/puts is the sideways action is negated. Seeya

To: Ramsey Su who wrote (7358)	3/2/1999 11:23:00 PM
From: John Sikora	Respond to of 99985

Ramsey, Earnings warnings are coming sooner every quarter. This time frame is consistent with the last few Q's. Sooner you announce the sooner the estimates come down that you can beat by a penny when you report...Regarding the market: Negatives: Narrow market here w/ ugly internals Lofty valuations/speculation Y2k- people pull $ out and look for safer havens Positives: Benign inflation Strong Money inflows (probably till April) Y2K possible drag on economy keeping interest rates friendly Regarding tech stocks...I remember all the noise about PC growth slowing when dell was @ 34 $ a share<g>...It never fails to amuse me...IMHO market shouldn't completely unravel til after 4/15 or so...BWDIK john