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Non-Tech : The Critical Investing Workshop

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To: synchro_fan who wrote (16958)4/29/2000 12:56:00 PM
From: Jim Willie CB  Read Replies (2) of 35685
 
brief TA on JDSU Unerphrase

relative strength shows nice improvement, trending up
money flow improving also

I show a MACD crossover in progress now

however, three less than positive signals:
many buyers at 107-113 zone await a possible bailout even
the 30MA and 50MA sit right above at 105-107
the downtrend channel is NOT broken yet

JDSU is at the upper boundary now of the downchannel
perhaps the MACD cross provides power to lift thru
but at same time the nearterm MA's will resist

with NAZ offering incoming tide, should assist
I say QCOM will remain ahead in this horserace in nearterm
since April99, each has split 8:1 for comparison purposes

fwiw, Jim
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