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To: Shack who wrote (123184)8/22/2005 5:29:32 PM
From: The Freep  Respond to of 209892
 
I'm always forgetting about COST.... That is a nice setup, bucking the retail shellacking. MC would note the downturned MAs in the wrong order, but I am quite sure any move over that high 46 area is gonna be fun.

Yes, XOM's stop is basically today's high. I count the move off the lows as 3 waves on the 60 min, but my worry is that it's just an A up, today's down was B, and we get a C up before I get my meat move. Still, with the wildly bullish count out there, I won't be sticking around. I'd've even liked a weaker close today. Oh well.



To: Shack who wrote (123184)8/23/2005 2:46:56 PM
From: Stu E.  Read Replies (1) | Respond to of 209892
 
EMC is below its 50 and 200 day SMA. Its cash flow is negative. What do you see that is bullish? I'm a novice at tech so please forgive my ignorance.

Thanks

Stu