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To: Perspective who wrote (95338)4/27/2004 9:16:06 PM
From: NOW  Read Replies (1) | Respond to of 209892
 
BC and others: have a gander at GM chart.
Looks like 5 down followed by an abc corrective up to 50% fibo today. Lots of bearish divergences in MF.
Thoughts?



To: Perspective who wrote (95338)4/28/2004 12:41:37 AM
From: nspolar  Read Replies (2) | Respond to of 209892
 
That is how the HUI got nailed more or less. A few hits, a few more hits ....... few recoveries.



To: Perspective who wrote (95338)4/28/2004 8:03:20 AM
From: skinowski  Respond to of 209892
 
Nice collection of bearish setups, BC. Will check them later, to see how they evolve.



To: Perspective who wrote (95338)4/28/2004 11:01:20 AM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
bobcor, why do you feel ASKJ is "trash?"

Over the years I've noticed that you use that term rather loosely, but you've never defined for us what criteria you use to label an issue "trash." The premise of a derogatory term like "trash" implies that the issue is one that a person should not want to own, whether it's for a one day hold or a one year hold, so I assume that's what you are getting at, but you've not clued us in yet on why you feel that way.

I also assume you're making some kind of call on its fundamentals, because certainly you can't be saying ASKJ is trash in any technical sense. It could lose 15% from its current price and it would only touch the lower trendline from its March gap up.

stockcharts.com[w,a]daclyyay[de][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

Rather than post a list of all the stocks you consider trash (or a list of non-trash stocks, if it would be shorter) how about differentiating between why ASKJ is trash compared to INTC, for example, as INTC's chart definitely tells me I would not want to own it right now.

stockcharts.com[w,a]daclyyay[de][pb50!b200][vc60][iUb14!La12,26,9]&pref=G



To: Perspective who wrote (95338)4/28/2004 2:18:38 PM
From: Clappy  Read Replies (1) | Respond to of 209892
 
Good list.
It will probably be getting longer.

Meanwhile the same group who lead the last fall is at it again...

NT was taken out to the woodshed today.
stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

LU seems to following.

JDSU looks like Wile E. Coyote jumping up and down on the
edge of the cliff. Won't be long...