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

To: shasta23 who wrote (20148)	3/9/1999 12:17:00 AM
From: Clint E.	Read Replies (2) \| Respond to of 70281

HI STEFAN! Twice in the last five weeks my indicators turned bullish, only to turn neutral again due to some bad news that hit the NAZ market. My indicators are now bullish again but I won't put any trust in them and continue to see the NAZ market as range-bound. It is too early in the pre-earnings season to mount any meaningful sustained advance into new highs and the INTC/PC story could be a lingering worry throughout this month. As far as now, we should hit resistance between 2430-2440 but the ride to 2430-2440 won't be as smooth as last two days. Since it is too early for any meaningful pullback, there should be several intraday pullbacks on the way up. Eventually this month, I am not sure if we stop at 2440 or make it to 2475(mother of all stops). Clint