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Technology Stocks : Individual, Inc. (NEWZ) - Any thoughts?
NEWZ 28.61+1.0%Nov 5 3:51 PM EST

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To: Ms. Baby Boomer who wrote (707)11/13/1997 5:30:00 PM
From: Len Giammetta  Read Replies (1) of 1004
 
Maria and all...

Another thread that I follow and find extremely interesting is "The 56 Point TA; Charts With an Attitude"

Subject 15770

A gentleman named Doug R is recognized as THE TA expert, providing insightful analysis on stocks submitted by interested traders. In addition he occassionally provides a TA on the DOW. This genlteman is rarely incorrect... kinda scary how accurate he is sometimes!!

Anyway I though I'd share his most recent analysis of the DOW for your consideration. I'd appreciate feedback.

Per Doug R, responding to a question :

To: JKraft (1937 )
From: Doug R Thursday, Nov 13 1997 3:27AM EST
Reply #1940 of 1944

Joanie,

4600 on the Dow has come back into the technical picture. I'm furiously assessing the situation. How does 50% to 60% off sound? INTC, DELL, MSFT and alot of banks may become huge profit opportunities on the short side. Myron should receive a P&F chart of the Dow soon. He has been delving into that aspect of TA recently. My own P&F specialist here in DE is screaming sell at this time. I know P&F very well and it looks really bearish. Confirmation will come if the Dow and S&P pull a VIMBO on us.

Doug R

4600????? Yipes!!!!! (any idea what a VIMBO is??)
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