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To: Robert F. Newton who wrote (9255)10/29/1997 12:03:00 AM
From: Trader X  Read Replies (1) | Respond to of 17305
 
this little piggy went Re: Re: Re: all the way home.

I was expecting/hoping/praying for the classic Turnaround Tuesday today, with the down open and mid-morning reversal. Will it hold?

Not surprisingly i found quite a few stocks that made bottom reversals today on the candles. here's a short list of long stocks.

amti
adi
aflx
anly
apm
asnd
cmos
cree
crus
egls
fsii
hmtt
htch
invx
ipec
klic
lrcx
lsi
ltxx
mask
mrvc
pixr
prcm
real
sfam
subm
svgi
veco
vias
vsh
vlsi
wdc
wfr
zitl

NOTE: Almost all of these stocks are in downtrends from highs set in Aug/Sept. after 6-8 weeks correction. Almost all are facing heavy overhead resistence and moving average resistence about 15-20% higher than today's close.

I think that a sharp bounce up for a few days will be followed by another round of selling, but not as severe as we've seen.

Of course, I could be wrong.
-Kevin