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To: SJS who wrote (3093)11/18/1997 6:19:00 PM
From: Broken_Clock  Respond to of 95453
 
January looks like the next good entry point from an historical/cyclical viewpoint. If the sector regains strength prior to that time with a prolonged rise in sector strength then have a meryy Christmas. This past several months has been the strongest time period that I could identify from my charts. Thean seems to be correct in that what goes up then comes down. This correction is, again, percentage wise not as severe or as prolonged(so far) as previous corrections.TDW is up over 50% since June 12!

tscn.com

I hope this link works. Take a look at TDW, HAL & RDC. From the end of APR peak, it took TDW over two months to recover, RDC about 3 months and HAL only three weeks...

My point is that it is going to take at least two weeks to get a general direction from here. I agree with the viewpoint that overall strength and direction is up next year, but that's only six weeks away. If we regain and hold the tops of two weeks ago by 1/98 I think we're over the hump...otherwise, we'll just have to see where we are in January.