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Strategies & Market Trends : Tom Demark Indicators
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To: PETER COSTES who wrote (55)3/31/1997 11:21:00 PM
From: Joel Brussell   of 110
 
Hello Peter:

I wanted to talk to you about stocks like FORE that are in a freefall.
Do you think it makes some sense to wait for an inside day or a few days of sideways movement. I guess what I'm getting at is letting some signs showi momentum has slowed on the downside before going in.
What do you think about that.
Based on the technical action you have to figure there is no way FORE will make its earnings number.
Keep an eye on APLX for a scalp long.
Tradestation Expert is showing a nine count on the weekly chart.
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