Novell (NOVL) dirt cheap, good buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novell (NOVL) dirt cheap, good buy?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: E_K_S who wrote (7547)	2/1/1997 8:19:00 PM
From: dwight vickers	of 42771

Eric, The McClellan Summation Index topped at 2939 on the 22nd. It previously had topped at 2943 on Dec. 3rd (we corrected 250 closing points) and at 2812 on Feb.14 before the big correction in the NASDAQ. I know the Dow peak was later, but that was probably close to the broad market peak, or at least the momentum peak. In any case that looks like a triple top. +3000 is historically a very high number. The other peaks were in the 2600-2800 area over the last two years (all before Feb. 96). Sherm McClellan isn't looking for anything major to happen on the downside yet, but that doesn't preclude a nice correction. Dwight

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next