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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: Dave H who wrote (4365)	12/20/1997 5:27:00 PM
From: Ocote	Read Replies (1) of 4701

Dave H. Have you looked at the Nasdaq composite chart recently? investools.com Looks like it has closed below the Oct 28 close and below the 150 dMA and the A/D line is dropping like a rock. I interpret this as extremely bearish. What are your thoughts? Am not sure I want to do much swimming upstream. My losses in longs are wiping out all my gains in shorts. By the way CPU caught my eye after the mini-crash. Looks to me like it still has a ways to fall. Best Buy(BBY) no better. Ocote

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