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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?
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To: Leo Francis who wrote (1834)1/3/1998 10:34:00 AM
From: ahhaha  Read Replies (1) of 4903
 
Price doesn't predict price. My own OBV measure is neutral at best. Every trade tick volume and effective money flow are still in downtrends without necessary divergences that pre-warn of an impending reversal. Price was more sensitive to marginal buying. I won't know until the regualrs come back next week to know if that is still true. I have one important proprietary measure that has persistently diverged from price for the last six months. My indicators which I developed that model my Jesse Livermore style, say trouble. Doesn't mean that they couldn't reverse quickly. But you have to be cautious. They seem to be consistent with the lack of fundamental clarity. I've encouraged those I influence to get off the short side because there's not much left there and very easy to get burnt. If I had to gamble on this, I'd bet on the downside, but I couldn't do that because I am fundamentally bullish and none of the big boys I talk to even understands my fundamental vision about the company.
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