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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: herry iball who wrote (11975)	1/28/2002 10:30:52 PM
From: Gottfried	Read Replies (1) \| Respond to of 23153

herry, keep drinking that Turkish coffee because I really enjoyed your post. Regarding 'oversold' indicators: no doubt you have noticed that sometimes they stay in the oversold region [going sideways] while the stock keeps dropping significantly. CCI and Wm% did that most of this morning stockcharts.com[h,a]iaclyyay[pc20!b200!c10!i!e5][vc60][iUc5!Lb14!Lp14,3,3!Lg!Ld20!Lk14] How do you guard against buying on the way down? Gottfried

To: herry iball who wrote (11975)	1/29/2002 7:16:30 AM
From: GREENLAW4-7	Read Replies (1) \| Respond to of 23153

Herry, take a look at the MACD Histogram on DHI. It shows the trend as broken but BARELY. Also the last time it had a similar move was back in JULY, and it rolled over very quickly. So I admit, I am usually early to a short..but the days if not HOURS are numbered in a bunch of these stocks. If you do wait for confirm, it could well be tHAT dhi WOULD BE AT 33.5 BEFORE you pick up the signal. I prefer to be more aggressive, and suffer more pain in the near term to set up a decent short. I look out over next 1-4 weeks to SENTIMENT indicators to get a feel of where a sector could head. I see Fed STOPPING liquidity, Sector at ALL TIME HIGH, and the return of PESSIMISM regarding recovery in economy. These factors should put a nice TOP in this sector. On what should be a target on down-side, I believe like the July sell-off, we should RE-TRACE the Nov-Dec rise..of 1/2 there of soon enough. Thanks for your insight!! PS this applies to the SECTOR as a whole. Looks like a quick, FALSE move that will quickly reverse. IMHO