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

To: Iris Shih who wrote (21331)6/3/1999 8:18:00 AM
From: Clint E.  Read Replies (5) | Respond to of 67845
 
Good morning.

I agree with your first paragraph. I'll day trade anything that comes my way.

I characterize yesterday's rally as an “oversold, relief rally” that was sparked & maintained in the "NDX" stocks. That divergence was evident even in the net stocks where size & affiliation mattered most.

The on-line traders that bid up the net stocks must be running out of cash(lost most in the last six weeks) & unenthusiastic/unwilling to bid up the 2nd/3rd tier net stocks and stay in them. Live & learn. I lost money that way myself three years ago.

Clint



To: Iris Shih who wrote (21331)6/3/1999 3:10:00 PM
From: Clint E.  Read Replies (1) | Respond to of 67845
 
I cannot see how the DOW can hold on to its +70 points by the close.



To: Iris Shih who wrote (21331)6/4/1999 11:04:00 AM
From: Clint E.  Read Replies (1) | Respond to of 67845
 
i am short LLTC @ 56-7/16, around its 50 dma.


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