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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jerry Olson who wrote (75361)12/14/1999 10:47:00 PM
From: Ms. X  Read Replies (2) of 120523
 
Jer and all,

Looks like the OPTI may have reversed down today. The internal chart did and we will see (I'm pretty sure it does) if it reverses on the official chart.

The NYSE BP is only .4 away from reversing down. Another day like today it will go.

This is very negative for the market. Remember the NYSE BP looks ahead. If it reverses down now it is telling us there is a bad moon rising and we'll hear about it several months from now.

Wouldn't be margined and wouldn't chase stocks at all here. Only buy on pullbacks with stops until the short term indicators reverse up.

Let's see if the announcement comes tomorrow from DWA. They will have it up on their site the second they know for sure.

Take care Jer,

Jan I am
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