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Technology Stocks : What is up with USRX? Its exploding! News?
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To: Tony MacLeod who wrote (43)7/16/1996 9:41:00 PM
From: NANCY JEWETT   of 82
 
Tony, and everyone,

I've just been looking at the 100 week chart to see the January correction. The pattern we saw today doesn't show up only at the bottom of a correction, it could just as easily be only part way down. It is possible that this is the start of a rise that may last for several days but it seems equally possible that tomorrow may see a rise that ends on a fall for several more days. Selling near the top tomorrow (IE on a rise) and holding to see what pattern develops may not be a bad strategy unless we are about to take off up big time. Personally I don't really expect to see USRX go up to 120 for months, I expect a rather slow recovery. But let the technical analysts speak, I have only intuition based gestalt chart eyes, no technical tools. And frankly I can't predict what tomorrow's market will mean.
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