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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 674.96+0.9%4:00 PM EST

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To: Jon K. who wrote (994)12/8/1998 11:09:00 PM
From: Magnatizer  Read Replies (1) of 99985
 
Jon

I will be joining you on AWRE short soon. Likely tomorrow. It is in a similar situation to RFMD. Using my magnet analysis it simply has no "magnetic" pull above it now. Buyers should be totally exhausted. Still, I must see signs of weakness prior to initiation. With the downside potential of mid teens I will happily give up a point or two to let short term indicators tell me its a go.

There have been a very few stocks I have found which defied the magnet short signal, most of them are internets

ht
david
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