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Non-Tech : Invest / LTD

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To: drsvelte who wrote (2680)9/8/1998 8:35:00 PM
From: Thean  Read Replies (4) of 14427
 
bw, Alski, Alex, all you who haven't posted for a while - how are you doing?

These big swings are eating up the moms and paps who are switching between stock and bonds. Personally I don't find this market easy to trade at all. I'm done taking up new positions for now and have decided to go back to do-nothing-when-in-doubt mentality.

Here is the chart of OSX. It illustrates the critical point of where it is right now. It got bounced off its upper BB today but it is too soon to tell. If past trading pattern holds (which has been more true in the driller stocks than others), the next two days should be sufficient to draw a near term trend of where the true sentiment lies. In my book it is going to either 1) go surfing higher BB's or 2) retrace back down to the lower BB. Hard to say which way they will move but hopefully we shall find out in two days (one day to establish an anchor and the second day for confirmation).

207.95.154.130
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