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

To: Dave H who wrote (10918)1/20/1998 6:16:00 PM
From: Michael L.  Respond to of 79279
 
Dave, with the same interest watching GE. It was a nice rally at the end of the day. Tomorrow will be very interesting day. If it will bounce from 76 9/16 I think it will be time to short. If market will be supportive, we can sleep with sweet dreams. In any cases, it is time for some kind of correction to support your sequential. I do not know how much they exposed to the current Asian financial crisis. The December earnings did not show it for sure. We may expect some bad news coming, but price does not show it yet. Time will tell. Michael



To: Dave H who wrote (10918)1/20/1998 11:14:00 PM
From: Ocote  Read Replies (1) | Respond to of 79279
 
Dave--

Finally getting to GE after a long day. If I didn't have someone like you telling me about sequentials I would say "mixed picture".

AccumDistribution oscillator and Chaiken oscilator show divergence with the second peak. But money flow is turning positive.

The SMI's don't line up like previous drops.
The MA's look uncertain.
Stoch 13.8.8. at point of crossover negative.

I'll take a quick look at DeMark tonight, and decide whether to join you.

Ocote


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