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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (12655)7/21/1998 5:00:00 PM
From: FJV  Read Replies (1) of 42787
 
Chris,

A quick check after the bell shows that the following violated their 9ema today - some for the 1st time in quite a while:

CCI
GE
MER
MSFT
MRK
HD

Both the Dow and Naz did as well. Dell looks like it's right on the cusp. The Naz broke Iqbal Latif's support # of 1998, and did it convincingly. He sees 1967 as the next critical juncture. Before we panic, however, I believe we need tomorrow as confirmation. If we don't get a reverse above the 9 ema for most of the above players as well as for the Dow, Naz and SPX, the cycle guys will be the new gurus. Your thoughts.

Franco
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