The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Ocote who wrote (17787)	5/29/1998 8:50:00 AM
From: Dave H	Read Replies (2) of 79230

Ocote, CNCX does look like it's ready to drop. Longer term indicators have been steadily eroding. Short stuff is all pointing down and not yet at the absolute bottom (thus some more room downside). Definitely one to watch. Other short candidates I like are AKRN, WSHI & FDJA. The thing I like about the sequential is that it almost always finds a moment right before a big move, and it also gives you the probable direction, but not always so. That's why other indicators are so important to use as well. Man this correction has been painstaking. What a tease! I gotta wonder if it's just retirement money (401k, automatic investing, etc) that is keeping the market "uncrashable." (heh heh, of course there's no such thing...that iceberg's gonna hit sometime...) -dave -dave

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