Ron,
Your truly amazing!! I love this company but, for me it has completed
a (very short term) 5 wave sequence and, should, pull back from here.
This is the chart:
teleport.com
(to others who read this. The chart indicated will probably disappear
or change within a week or so.. Sorry for the inconvenience..)
You really uncover many great companies! I really am impressed..
I like your ability to not only understand and ferret out the fundamentals,
but also, not pooh pooh the technicals so as to ignore them. Your always
so far ahead of me!!
Buy the way FITB is a perfect set up, right now, for a move from Elliot
wave 4 to Elliot wave 5.. As you know that means, "if I'm correct," the next
major move will be down, resuming the trend that started on 3/13/97.
Each days data will tell me more on this and strength could negate
this count, but I'm putting my money on the short side..
I put a chart of FITB and a worse case scenario on the bottom of the page.
I'm bearish on the market, overall.. I know that many small caps have retraced
or moved up "big time" recently. But, also many (like ptek) are now showing signs of weakness. And the S&P has hit "major" resistance on my charts.. I'm
also bearish on bonds so, overall, that puts me in the bear camp.. I'm open
to more positive feedback but the undercurrent is just to euphoric...
I will look at LTBG...
Thanks,
Ross |
