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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: John_W who wrote (6809)10/31/1997 4:05:00 AM
From: Doug R  Read Replies (2) | Respond to of 79273
 
John W,

I am advising caution (not selling, just wait to buy) in all stocks at this point. If what I see in the charts doesn't shape up, I may start advising wholesale shorting. The next several days as a whole (rather than any one of them in particular), are pivotal to say the least.

We have a major breakout on heavy volume for SEEQ. APCO has made new alltime highs this week in spite of the market. The "attitude" stocks have been returning to their uptrends. But...the attitude stocks are not "the market". The market could start to suck bigtime soon.

Doug R



To: John_W who wrote (6809)10/31/1997 4:10:00 PM
From: RADAR )))  Read Replies (1) | Respond to of 79273
 
John W.

NWCI -

>>>NWCI broke its uptrend today after weathering all the earlier slaughter. If this is just profit taking this could be an opportunity. Doug, I know you're watching this. Does this down tick mean caution or a good time to get on board?

NWCI is a good company which is well run and developing according to a solid plan. The sales and earnings figures will continue to grow. This is a buying opportunity as the price falls back and consolidates a little.

MOO

RADAR