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

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To: Cube who wrote (20872)8/31/1998 2:23:00 PM
From: ivan solotaroff  Read Replies (1) of 79227
 
ELY

Cube:

If you did buy ELY on Friday, I hope you got out around 10:30, when it broke through to a new low, giving the sell signal. It's doing OK so far in this $hit-$torm, but that really MEANS NOTHING.
I said it with the last correction: Playing PGDCEBS against this kind of volatility is like fishing for anchovies in front of a tidal wave.
The only thing I'd advise less would be buying a stock like, oh, say ABTX because you thought you saw a bottom.
Ouch.
Hope you and everyone else is still solvent.
I'll say my too-da-loos to the master, then put my head back in.

Ivan
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