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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Michael L. who wrote (10316)1/9/1998 12:32:00 PM
From: ivan solotaroff  Read Replies (1) | Respond to of 79243
 
Michael,

No AGPH for me.
APCO started to establish a downtrend the moment it hit a high and is currently in its fourth week of trending down (just draw the line from the tops).
But you knew that.
Are you still short ORCL? As you see, Esteban never meant it to be taken as a dead-cat signal; at the moment, IMO, it's still a falling knife. Look at WDC and PAIR, more recently at BRKS and BRKT, and less recently, at NOVL and AVID. There are many others. When high-flying techs fall, there's no use in speculating on the bottom. Single digits are not out of the question, and the recovery can take years.

Ivan