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To: double-plus-good who wrote (56443)12/8/1999 1:36:00 PM
From: Gary Burton  Read Replies (2) | Respond to of 95453
 
OSX held 69.04, a key support but my sense is that this bounce will top our below 75.11 and then we will head down again----If it can exceed 75.11 things will be more positive--We are probably trying to create an MACD positive divergence in here, suggesting still lower prices ahead but macd no longer confirming. This will take a few days to see....In the meantime, I am somewhat dubious of a V bottom with no earlier positive divergence put in place. But if we print above 75.11 (yesterday's high), we might.



To: double-plus-good who wrote (56443)12/8/1999 1:53:00 PM
From: Brian P.  Respond to of 95453
 
This snippet, plucked from the QCOM board, suggests the kind of thinking going on out there and the type of small investor sustaining the mania:

<< There has been seemingly non stop talk on CNBC lately about the "poor market breadth"- much wringing of hands and angsting over the advance decline line, esp. from Bob Pisani. They hit this subject over and over and over. Yes, I'm a neophyte investor, but is this really something to fret over, or are they just filling up air time? Does it really make sense that all the stocks and market sectors should all be moving forward in a healthy market? Why everyone doesn't dump their dead wood and buy the stocks that are moving (i.e., Qcom) is beyond me, but to each his own. BTW, my portfolio has doubled since I stopped paying attention to CNBC and started listening to y'all. (: >>



To: double-plus-good who wrote (56443)12/8/1999 5:17:00 PM
From: kormac  Respond to of 95453
 
Double+Good

Regarding Valence ... Did you read this?

sfgate.com

with my best, Seppo