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Non-Tech : The Critical Investing Workshop

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To: Jeffry K. Smith who wrote (15415)	4/20/2000 11:41:00 AM
From: Jim Willie CB	Read Replies (2) of 35685

some TA on EMLX Emulex: bouncing its bruised touchas bounced hard off 36-37 last Monday, now 50+/- got a big gap from 50-75 which you might capitalize on if some updays, the stock price might jump suddenly upward into this gap relative strength hit the oversold mark of 30 on Monday money flow really has not yet improved this week despite the improvement this week, its stochastic indicator is still slumpy, meaning it aint closing near daily highs then you have Moving Avgs, and I like to look at 30day the 30MA is diving down, now at 115 the 18MA, 30MA, and 50MA all look SCAREY you aint gonna have ANY sustained rally until these stabilize you WILL get a reflex rally if you are lucky very soon but such a rally is likely to get snuffed by either 18MA (now 88) and for sure by 30MA (now 115) so if you are looking for a quick profit, allow a rally to run up to either 18MA or 30MA a few days from now, both MA's will be even lower dont know much about the stock and its business I recall last month, many brokerages raised maintenance reqmts on it to 100% for some reason you are fishing for dead cat's here, Jeff / Jim

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