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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (14969)	12/15/1997 3:02:00 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 69956

Hi Clint, Good call. The indices are reversing as I type this. I think we are referring to different time frames though. Short term I agree we are oversold on many stocks and should expect a bounce. The intermediate trend is down for many of these stocks though if you look at the 2 year charts. You are a little more nimble at trading than I am. Till the down trend on many of these stocks are broken I prefer to take the sell signals only for trading purposes. Let's see if people will hold into the close or take profits. The Japanese announce their re-structuring package tommorrow I believe and the United States has the FOMC meeeting. Harry

To: Clint E. who wrote (14969)	12/15/1997 3:04:00 PM
From: Johnny Canuck	Respond to of 69956

Hi Clint, Good call. The indices are reversing as I type this. I think we are referring to different time frames though. Short term I agree we are oversold on many stocks and should expect a bounce. The intermediate trend is down for many of these stocks though if you look at the 2 year charts. You are a little more nimble at trading than I am. Till the down trend on many of these stocks are broken I prefer to take the sell signals only for trading purposes. Let's see if people will hold into the close or take profits. The Japanese announce their re-structuring package tommorrow I believe and the United States has the FOMC meeeting.If people are willing to hold it should indicate a generally positive market sentiment. Harry