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To: W. Clinton Terry who wrote (14662)12/16/1997 6:03:00 PM
From: Sonny McWilliams  Read Replies (1) | Respond to of 27012
 
Clinton, thanks. Paul had already told me that the technicals don't look like a buy yet. Technicals or no technicals 2 points is not too bad, but now it has moved too far for me to go in. There are plenty opportunities out there and I really don't have to buy anything at this point. My portfolio is still a solid mess. gg.

I have looked around and most techs look in trouble as a matter of fact most stocks do. Is it a wonder when investors have dumped them left and right? Even TA has to get confused. gg. I am not sure if all this is a good indicator at this point. Fundamentals have been thrown out the window in lots of stocks. Tax-selling does not help either and I think there is more than enough of this going on now. Mostly because there have been a lot of losses accumalated lately. So the good stuff has to be sold to off-set the downbeaten stuff.
And, uncertainty is still around the corner.

Sonny