Home Depot (HD) Message Board

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Non-Tech : Home Depot (HD)

HD 364.60

-1.0%

12:56 PM EST

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To: Edward Boghosian who wrote (380)	10/4/1998 8:18:00 PM
From: Jerry Miller	Read Replies (1) of 1169

"Home Depot is in a downtrend and may bring it down to 31 range or lower. What I don't like is the unusually high volume on Friday. I wonder if the earnings growth rate has decreased? " i know exactly what you mean. and here, i do share your concern. i've been watching it take out the 200 DMA for a week now. and although it should account for absolutely nothing, i will tell you exactly what i think. we're all going down, except for maybe a few high tech companies. maybe 6800 on the Dow. maybe 1350 on the Nasdaq. the tax-loss selling (and we can imagine that it's considerable this year) is gonna kill us over the next couple of weeks. ...women and children first.

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