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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (13847)5/19/2000 9:24:00 PM
From: Mr. BSL  Read Replies (1) of 15132
 
Justa: SEMI RS in O's is negative. However, it's a very slow moving indicator. Semi's will be out of the woods long before it goes positive.

TXN - Took out its Bullish Support Line (BSL) earlier this month. It's trying to make higher lows and higher highs but is struggling.

Monday - a bounce in the stronger semi stocks would be encouraging.

NAZ - we will rally soon but the key will be the nature of the rally. If it's low volume and lacks conviction, we will probably test the lower 3300's again. There will always be buyers taking advantage of the pullbacks but we really need is the institutional bucks to step up to the plate. We will know when they arrive by the volume, especially towards the closes.

FWIW, Dick
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