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Non-Tech : Simula (SMU)

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To: Jaime H. Ayalde who wrote (626)9/24/1997 7:20:00 AM
From: wally   of 1671
 
Hi Jaime: I am not sure. My guess is that the highs are not in
for the year. This is the first big break on this move from
around 14 to 24. I have found that the first big oversold
readings after a big overbought move is a very easy buy.
We could come out of here very fast. We have one big push up
on a monthly chart out there. When it will start is hard to say.
I am going to play this move up that is setting up. I bought
more all day Tues. The first sharp rally should fail after
about 2 points from the low. I agree the low should come today,
however I thought it was Mon. We need a hammer on volume.
Have a good day!All toes and fingers crossed!!!!!!!!
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