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To: shane forbes who wrote (7846)11/17/1997 10:15:00 PM
From: E. Graphs  Read Replies (1) | Respond to of 25814
 
Shane,

I agree that the group is technically weak. There is a lot of overhead resistance now......tons! The market has no other leader to take the place of the equips, and they sure did lead brilliantly, since May! So, to me it seems that the market, for want of a leader, will follow this faltering group right over the cliff. True, for some the fall doesn't seem so far down anymore, but then I think of Duane's swamp. Just call me Short Term Sally until the technicals look a lot better than they do now. jmho.

E