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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Tulvio Durand who wrote (21233)6/14/1999 12:22:00 PM
From: Judy  Read Replies (1) | Respond to of 34811
 
ebay became a potential short on break of 148+, the 100-day ema. Gauge the fundamentals at this juncture to determine the course. Slowing month over month growth of auction counts, pre-warn for this quarter, system glitch being prolonger, sector being hammered with the leaders at or breaking their 200-day ema. ebay, short on retrace above 148-150 when they fix the current system glitch.

Spurious signals are being generated from short-term technical charts in this type of market. Focus on market dynamics, sector sentiment, and stock-specific fundamentals.