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To: Alan Smithee who wrote (34263)1/27/1998 1:16:00 PM
From: donald sew  Respond to of 58727
 
Dave, and those interested in WFC

I just completed a comparison of WFC to the DOW (could not get the BKX comarison), where I analyzed ever darn peak and valley back to AUGUST. For some darn reason my eyes cant stay still now, keep on moving up and down. gggggggggggggggggggg

As most/all of the banks did better than the DOW, each peak and valley moved together with the DOW or at the most was one day off. In all cases if the DOW went up WFC did the same, and vice versa within a day.

Now the key is whether the DOW will be up tomorrow. Some of the indexes are already approaching/setting new highs, and are already in the overbought region like the DRG.

The overall market will be in the upper mid-range approaching overbought again if it closes here up 95 points. Normally when at this level there are only 1-2 days left to the uptrend, and possibly the next day could be down.

Im still not sure if I will get in for that reason.

Seeya



To: Alan Smithee who wrote (34263)1/27/1998 1:30:00 PM
From: kiwi  Read Replies (2) | Respond to of 58727
 
Hi D.S.G. and all
we have been in and out so much we have not taken the time to post until now. We have been following the BKX for some time now. Yesterday we were tossing up entering CCI or WFC. We decided on WFC but it looks like it was a day early. We go the wfcbt. We sold our oex puts today for a loss that took back the money we made on them on the 23rd. We are also looking at the airlines, in paticular amr. We will watch the price of oil.
Good trading to you and we also await Don's post.
kiwi



To: Alan Smithee who wrote (34263)1/27/1998 10:30:00 PM
From: Nancy  Read Replies (1) | Respond to of 58727
 
David,

add BAC to the tradable bank list.



To: Alan Smithee who wrote (34263)1/27/1998 10:50:00 PM
From: Soumen Barua  Read Replies (1) | Respond to of 58727
 
Hi David. I'm happy to know that there is someone else besides me in the banks as well. I just got in today (NOB) and hope to get out with a quick profit (wish me luck.). Besides, I was happy to close out my previous position with a 25% profit after 1 month of waiting. Good luck to everybody. See ya.
Soumen