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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (13384)	7/29/1998 4:28:00 PM
From: FJV	Read Replies (1) of 42787

Chris, A few posts back, you indicated that you may dabble in GE on the long side at around the $90 support. I follow GE pretty closely as it is as good a proxy for this market as there is. The price action in GE today was very weak, especially in the last hour. This type of action by GE tends to be a leading indicator of the general direction of the Dow. I know that your technical indicators are pretty bearish for the market right now for at least the short and intermediate term, and I agree with your assessment. If we are correct, GE is not a stock in which to be long at this time IMHO. BWDIK. Crunch your numbers and let me know your thoughts. Thanks. Franco

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