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Strategies & Market Trends : Automatic

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To: ken-l who wrote (170)4/2/2001 10:53:36 AM
From: robert b furman  Read Replies (2) of 470
 
Hi auto,

My proxi for this failed rally in the Compx has been Nvls and Amat.

They showed great strength in the January/March time period.

Going back to the Oct 98 time period these two stocks bottomed out right before the turnaround-10/08-15/98.

Both stocks swooned down on a vicious 2 step decline after acting quite well 2-3 months before(july-august).

Nvls has shown great strength but has recently sold -off from 48 to 38. I'm looking for another test to the 27 range for a good entry point.

Love all your disclaimers and I'm usually wrong too!!!

Bob
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