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Non-Tech : Expeditors Int'l (EXPD)
EXPD 121.90+1.4%Oct 31 9:30 AM EST

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To: Carl Yee who wrote (25)3/1/1998 12:35:00 PM
From: Francois H. Gaston  Read Replies (1) of 87
 
I agree with shorting busted stocks. EXPD is not. Great rise in the past. Congratulations.
As I expect some type of correction in the stockmarket, that is why I shorted some stocks. I might have been too early! Oh! Well!
Here is a graph I created using indicators I work with, at times. Bollinger Bands, Negative Volume Index = NVI (index of "smart investors") and Positive volume Index = PVI (index trying to understand what "uniformed investors" are doing).
During the recent run, the herd effect was visible (PVI up a lot) but NVI did not follow a lot... Furthermore, EXPD bumped on the upper Bollinger band and often, a return to the mean or a visit to the lower Bollinger Band is now possible.
Again: pure T.A.... I know nothing about the company.
Good luck all

Here is the link

members.aol.com

Gaston
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