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

To: Clint E. who wrote (20637)	4/28/1999 5:26:00 PM
From: Goldbug Guru	Respond to of 68144

Clint Eastwood, I'm still holding some equity but majority of my portfolio has already been converted into pure cash. I knew this market was over inflated to the point that's about to pop within the next few weeks or even days. Since these wall street manipulator wants to see dow 11,000 so badly...let them do it. I already checked out the Heng Seng market, 90% of their blue chips are at all time high. Latin Stocks all time high with a hyper inflation economy, they still have a huge debt to pay too. European markets at all time high. It doesn't take a genius to figure out what's going to happen next. Let's hope they could bring this market down slowly..gradually to a soft landing.

To: Clint E. who wrote (20637)	5/5/1999 1:07:00 PM
From: mattie	Read Replies (2) \| Respond to of 68144

Clint & thread, Man, this has been a quiet thread. Here is my view to spark some communication. I got my short off on the DJIA at 11,000 (DIA's at 110). Good to have a hedge in this market. The mm's are taking stocks right to support before the employment report Friday, as they should. Naz is sitting at support as I write @ 2430, if that breaks next support is 2400. 2400 is major support, therefore I see more upside than downside assuming we are still in a trdaing range (for the Naz). Lots of interesting trade opportunities. Many double bottoms. I also like the fact that we have had over a week of selling in the Naz which should cusion any strong employment number on Friday. In sum, short the dow buy the naz. Least level of resisitance is up for the naz and growth stocks in my opinion. as long as the Nazdaq holds above 2340 we will be making higher highs and higher lows, giving us good levels to buy and sell.