Ask DrBob Message Board - Msg: 14453212

STOCKTALK

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	9/25/2000 8:12:11 PM
From: indexit	of 100058

Charts are too sloppy to read. The most interesting observation I made was the MACD on many techs are headed up while BOP is heading down. To me this indicates tomorrow could be down, and then sometime soon we head up. And to me this indicates the trading range continues and I suspect will break to the downside on some news, maybe MSFT, in October. Chart formations are both bullish and bearish, and I think it is odd chart fomations are expressing such a variety of formation signals. Do not know if window dressing will start to move things around, but if it does go with the strongest stocks. Have more longs than shorts on my list but feel an acute lack of faith in the selections (due to chart perplexities) so probably will be going short and long and attempting to keep it tight with tech stocks. Dow looks like it can keep going up.

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