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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI)
IFCI 0.06000.0%Jun 7 5:00 PM EST

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To: Feraldo who wrote (1148)11/9/1998 12:33:00 AM
From: JRobinson  Read Replies (1) of 3541
 
On second look , you are right, we have not made a new high on the RS line...but pretty close and the slope suggests we may early this week.

To clear a couple things for everyone, Daily Graphs is an information service with graphs, earnings and other fundamental data that I find indispensable. You can order a 4 week trial for $20 through IBD. I strongly recommend it.

The RS line Feraldo and I speak of is not the same as RSI found on charting software. I think we're all on the same page on this. Also TC2000 just started registering strong BOP (BAlance of Power) which suggests professional accumulation. While I would'nt buy a stock just because it started doing that, it is a plus nonetheless. It beats the hell out of distribution:). Some times these indicators contrast similar indicators from other services. For example, Quintiles (QTRN) has gone from an Acc/Dist rating of D to B in the past week...yet TC2000 still shows strong distribution in BOP. Because of those types of things, I take them with a grain of salt.

After the higher unemployment numbers released early Thursday, the spin is going to be on the Fed dropping rates again this month. We should probably rally going into that. That will be good for most stocks.
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