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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: John_W who wrote (6809)10/31/1997 4:05:00 AM
From: Doug R  Read Replies (2) of 79274
 
John W,

I am advising caution (not selling, just wait to buy) in all stocks at this point. If what I see in the charts doesn't shape up, I may start advising wholesale shorting. The next several days as a whole (rather than any one of them in particular), are pivotal to say the least.

We have a major breakout on heavy volume for SEEQ. APCO has made new alltime highs this week in spite of the market. The "attitude" stocks have been returning to their uptrends. But...the attitude stocks are not "the market". The market could start to suck bigtime soon.

Doug R
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