electric...you just love a bargain dont you....you will be entertained forever with that site ;-)
+Al Serrao (5133 )
From: +wizzards wine
Monday, Jul 27 1998 5:44PM ET
Reply # of 5139
Hi Al, DELL high of 110 does not yet give it a buy signal, a 112 would be a double top
and it takes a 114 for the new buy signal RS still in X's and way above the trend line. It
formed a lower top on the last column of X's, so until it gives a new buy signal at 114,
I'd hold off. The sector is Bull Confirmed at 44.5%...
Just my thoughts
Later
Preston
+P&F-Madness (5137 )
From: +P&F-Madness
Monday, Jul 27 1998 7:45PM ET
Reply # of 5139
Hey y'all. Things movin' and shakin'
I know, I know. The market was up 90 points and aren't we just tickled pink. But as
always, I'm here to slap some reality down on the table.
Today we saw:
- in the new buy signal corner: 3 total.
- in the new sell signal corner: 42 total.
Say what? Yes, more new sell signals then buy signals and all ya'll know what that
means...The NYSE BP has got to be feelin' it. In fact I'm going to go out on a limb here
and say it will move another box or two down this week.
The Optional Bullish percent did reverse down today.
This does not paint a pretty picture folks.
Keep an eye on those stocks, no hail Mary's. Keep an eye on sectors too. Some of
those that reversed up this month are now weakening and showing signs they will
reverse down. You may want to think of how to insure some of your prize possessions
of loss due to market decline.
I'll be updating more often because of the recent conditions. Those of you on DWA,
pump up your portfolios to include Indexes and sectors. These will help guide you. You
can also put in the BPNYSE, BPOPTI, 10WEEK and HILO to track the market.
Take care,
Jan I am |
