Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (5727)	10/8/2002 10:01:22 PM
From: Nancy	Read Replies (1) of 57110

i dont think we are at an intermediate bottom. comp / ndx made new low 3 days in a row, with so so volumes. it doesn't even penetrate lower BB. earnings season and come with it next qtr guidance is upon us. tax loss selling by funds and by individuals. all these suggest either we would resume selling (with hope to have a big volumes down day or two), or we just move sideways and drips some more to kill time. Mc Ocsi on both exchanges are in deep oversold territory, they deserve some oversold rally but if the internals dont improve enough, the Ocsillator would top out below zero - if that happens, a sizable dump is highly likely.

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