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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (48891)10/16/2000 7:31:11 PM
From: Chip McVickar  Read Replies (1) | Respond to of 94695
 
I don't know Bob,

That looks like catching a knife.

You had an Inside day closing high....followed by an outside day closing low....you may see some further weakness before the stock moves any higher.

A lot of technology stocks are showing reversals after yesterdays gains.
Wonder what's going on...?

That's a good size entry...1000 shares...!

Good Luck....!

Chip



To: robert b furman who wrote (48891)10/17/2000 11:57:02 AM
From: Chip McVickar  Read Replies (2) | Respond to of 94695
 
Bob,

NVLS on the weekly charts has a Gap Up back in October '99, which is about to be closed just below 30.00...?

This whole area at 29-30 technically is very important.

As to the 3 day wiggles Nasdaq/OEX daily charts...
The lows of yesterday have both been taken out which is the positive. Todays bar must close above the first days high to complete the 3 day wiggle. If this fails then we move towards the 5 day pattern.

Thought you'd like to know...? <smile>

Chip