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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (951)12/15/1997 12:55:00 AM
From: MonsieurGonzo  Read Replies (1) | Respond to of 1589
 
Glen; RE:" Going Down ? "

Just did a scan of some weekly candlestick charts of stocks with elevated P/E's. Here are some examples...

AADV CLCX SCTC over $40

DKB GSB SDS under $40

The bookstores are looking kinda shaky (?) AMZN BGP BKS

...comments appreciated.

-Steve



To: The Perfect Hedge who wrote (951)12/15/1997 3:50:00 PM
From: PuddleGlum  Respond to of 1589
 
Glen-
Financial stocks that look possibly over-extended to me are AGC, OFCP, HUBC, CYN, AIG, ESF, XL. Some of them, like OFCP and CYN, have a head of steam for the short term, so I'd be careful. And AIG and AGC are stocks I wouldn't mind having in my portfolio for the long term.

These picks were gathered from looking at weekly charts.

Steve


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