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To: Alan C. Zezula who wrote (1020)4/2/2000 7:45:00 PM
From: Duane L. Olson  Respond to of 4564
 
Good deal, Al... Yeah, Country Boy has a knack for knowing when to get in...but more important, when to get out. If you are trading, that's darned nice to know...
tso
BTW, I have gone mostly to cash.... even through the chart patterns on some of the stocks still look very positive. The MSFT problems, imho, will take the market down tomorrow.



To: Alan C. Zezula who wrote (1020)4/3/2000 12:49:00 AM
From: Duane L. Olson  Read Replies (2) | Respond to of 4564
 
To follow up on my gloomy comments to CB...Naz Composite looks like it has been damaged beyond ST recovery
siliconinvestor.com
Note especially on this chart the enormous progress the stochastics have to make for such a little gain in the index price level... It appears that the Stoch will peak above 80 before the RSI can recover seriously above the 50% mark, or before the MACD has a remote chance of turning positive... It really comes across to me as ST negative... wish the E! were around or TA-Anon were sober so I could get a confirm.... I'd consider a couple small short positions, for the short term....
What's your view Al?... see anything positive in the current Naz?
tso