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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: Connor26 who wrote (110623)3/10/2004 10:20:44 PM
From: Tom Swift  Read Replies (1) | Respond to of 208838
 
I have been tracking EAG and a number of other stocks you guys play with "slant charts". I think I have a good handle on the support/resistance for EAG - I don't remember when I first drew the chart, but it has at least been a couple of weeks and there has been a good correlation in the slant chart. Here is my slant chart zoo:

Subject 54774

EAG and most other speculative stocks are going to follow the indexii. I was expecting a drop to COMPQ 1967 today for a bounce, but the selling is actually producing some fear and the action in the DOW was pretty extreme so I am still net bearish.

So, we either do a short-term bounce or continue to drop. I am back to 100% cash and I am going to sit on my hands tomorrow.