Ask DrBob Message Board - Msg: 17611413

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	6/17/2002 12:17:55 AM
From: indexit	of 100058

Gongo, INTU, has held up very well, and off in it's own special isolated sector. I am actually watching it for a short. Now this is a little dumb given it's relative strength, and it and ERTS are about the only tech stocks that have held well. But the big but here is all these tech stocks seem to get crushed eventually. So I choose to look at it's strength as a point of weakenss. If it falls, little support and could fall hard. But yes to your real question could easily be seen as a coiled spring. Not short it and would only try to short if I saw a good drop. The exact same thing is true for the Time segmented volume, which is also negatively divergent. The biggest negatives in the charts I see is the ambiquity between break out and a possible slip down (crap shoot) and the biggest negative is on a 6 month basis the moeny stream is negatively divergent. One of the few TA measures which can be used predictive, but (of course another but) one could day on some good news and that can change overnight.

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