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Technology Stocks : JMAR Technologies(JMAR)
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To: Bosco who wrote (9051)3/31/2000 9:38:00 PM
From: Bilberry  Read Replies (3) of 9695
 
Relax Bosco, this decline cleaned out the dead wood. JMAR will be doing all we expected it to do and I believe will resume its upturn that started last December. Sure it was scary, but we have seen this before (Oct 1998). The stock doubled after that "scary" decline. Fdorn on raging bull called this one almost perfectly. Here is his post.



By: fdorn
Reply To: None
Sunday, 26 Mar 2000 at 8:44 PM EST
Post #1128 of 1191

All:

After locking ourselves in the war room all weekend, this is the best we can do.

JMAR bought at 1.90, last 16 3/4 + 2 1/2 on the week
The hourly and daily charts remain incomplete to the upside and suggest that the potential for a 3rd wave melt up toward the $45-$50 area is highly likely for starters. Leaving no stone unturned and preparing for the worst, the current rally can be labeled a 'B' wave in Elliott terms, which allows for one final whack to the $7-$10 area before the blast off gets underway. There is no way to predict with any certainty if this will occur (probably why most think Elliott is useless and only works in hindsight). The odds are greater then 70% that the low is in place and the blast off is underway. Always got to have the odds in your favor.


ragingbull.com

Well it looks like we did get our last WHACK. Now do we get the meltup described above? I am sticking around to find out.

Here is a followup note:


By: fdorn
Reply To: 1182 by MicroCapper
Friday, 31 Mar 2000 at 11:28 AM EST
Post # 1184 of 1191

MicroCapper,

We just added at 8 1/2. We are at the end of a correction. A move back above 13 would indicate melt-up is underway.

Good luck to all, especially the Tin-Man



ragingbull.com
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