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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Davy Crockett who wrote (13896)8/5/2001 5:01:58 PM
From: JRI  Read Replies (1) of 52237
 
Interesting how both Softie and GE had recovered/trended up with market during move to May highs, and during last 2-3 waves up (lower highs on COMPX) since then...leading or at least keeping up w/trend......but on this last move, both have been lame.....Hmmm..

Could this be a negative divergence? (Maybe meaning this down could break lower trend line of wedge to downside.)?

Some are excited about hammer on GE on Friday, thinking that spells turnaroun, but it looks like GE also put one in a few days before, and then kept heading down...of course, bulls can argue that we made it this far without 2 generals, and them pulling up the rear could lead to more (upside here)

Will be interesting to see what these 2 do over next few days...neither with much room to play with on downside before big-time hurt.
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