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

To: Tiley who wrote (20330)	3/22/1999 10:58:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 69808

Hi Manish. Although limited to a few names, you are correct about Biotechs. I was referring to tech stocks only. >>>The semis as a group are not doing too bad yet. I agree but as you know they are no longer leaders. They are just there. >>>Talking of semis - why was MU so strong today? Short covering or buying in anticipation of "good"(whatever that means) earnings??? The question is where will MU be after reporting earnings. Clint

To: Tiley who wrote (20330)	3/23/1999 5:33:00 AM
From: Clint E.	Read Replies (1) \| Respond to of 69808

Hi Manish. Words of wisdom from Greenspan: """"""History tells us that sharp reversals in confidence happen abruptly, most often with little advance notice. They are self-reinforcing processes that can compress into a very short time period. Panic market reactions are characterized by a dramatic shift to maximize short term value, and are an extension of human behavior that manifests itself in all forms of human interaction - a set of responses that does not seem to have changed over the generations. I defy anyone to distinguish a speculative price pattern for 1999 from one for 1899 if the charts specify neither the dates nor the levels of the prices."""""" Clint