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To: Shack who wrote (77225)3/8/2001 1:38:02 PM
From: JRI  Read Replies (1) | Respond to of 436258
 
Drip, drip...can we just break down now please?...eom



To: Shack who wrote (77225)3/8/2001 1:39:21 PM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
After last Friday's General alert, I said I would be surprised to see it close over $46, particularly on w weekly. Well, it has looked bad intraday everyday and the best close this far was yesterday's $45.98 -g. Something not right in that world, but NYA is gonna have to roll out of this ridiculous run for da General to snap.



To: Shack who wrote (77225)3/8/2001 1:39:36 PM
From: Bull RidaH  Read Replies (1) | Respond to of 436258
 
Which impulsive downwave are you referring too?

The wedge line connecting yesterday's late low and today's 11am low was penetrated and now the market's doing a tap dance on it. When it leaves that baby, and we get the break of the parallel line to the upper wedge line, wave byebye dada. That point is 1257 or so now. And the key is yesterday's lows at 1254.23, which when broken will pin us into an inverted cycle sell signal, and the next cycle activity is another cycle sell or high due on Monday.

Momentum begins under 1250.



To: Shack who wrote (77225)3/8/2001 1:55:58 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
That last low on COMPX was not confirmed by either NDX nor smelly. Smelly worries me -- is it just a pennant on to of a flagpole that wants to break upward? Getting into the 640's would be the first indication that the coil may be breaking out. (POS leading the way there. ufb)