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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (10184)11/22/1997 1:57:00 PM
From: Haim R. Branisteanu  Read Replies (2) of 94695
 
Thanks for the list some of my observation,

CSCO - double top - short it with stops
CPU - similar to CSCO
DELL - resistance just above, engulfing configuration, LT (H&S)
CPQ - similar to DELL bot slightly different

Did not cover all of them, GE wants to break out it may and fail.

ORCL - is strugling
LSI - lots of owerhang around $25 even if it seems to form a base
IOM - may spurt as a short squise - versus the "Cup and Handle" abdicts
MCIC - dead from a fundamental reason
WCOM - same as MCIC

MSFT - no opinion dislike the company
MOT - more workout retest of recent lows

I will review all of them and may add some comments.

Please note that in BEAR markets an oversold stock goes to be even more oversold (oposite of a BULL move were momemtum players played supreme). DELL and CSCO beeing one of the perfect examples, in overbougth condition and still moving higher.

BTW did I say I was BEARISH ??? <smile>

Well they did not wanted me to work for Yamaichi! -|:*)

Happy trading
Haim
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