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To: TokyoMex who wrote (2119)3/16/1998 11:10:00 PM
From: Bill Fischofer  Read Replies (1) | Respond to of 14347
 
Re: Today's pullback

Very healthy, actually. I'd much prefer a sustained orderly advance over a quick parabolic spike. Advancing on strong volume, consolidating on diminishing volume is the key to sustained progress. Expect continued consolidation over the next two days on declining volume followed by the next upleg on increasing volume.



To: TokyoMex who wrote (2119)3/16/1998 11:15:00 PM
From: TokyoMex  Read Replies (2) | Respond to of 14347
 
Dow,, 9,000 seems to be a reality now than an analysts whims.. and compare to where we were,, at 7600 not too long ago..
Remember the sell off at 8,300 we had.. I am taking money off all the high flyers now.. and concentrating on the small caps and and down trodden.. go to bigcharts.com and look for NASD/NYSE/AMEX dogs..at 52 week lows.. thats what you buy ,,and go long.. or stocks like RNTK ..

I am also staying away from pennies,, too many dogs getting in the act..

The cardinal rule,, nothing ever goes straight up ,,especially high valuation stocks.. It saved me ,,from WDC, VVUS, CREAF, COMS and INTC fiasco.. also CCI

Also we might even see 10,000 after a pull back at 9,000 ,, but I am hearing a major adjustment in April and May from various sources,, including from my friend at Morgan , who predicted Asia crisis on Thanksgiving day at my house,,he also forecasted Russian notes coming under pressure..

Last but not least don't forget our friend Dr.Yardeni's (Deutche Morgan Grenfeld) outlook on Y2K impact on corporate bottom
line..http://www.yardeni.com/

Joe

Tomorrow we have an AMEX short squeeze.. members will get an EM at 9:45 AM EST..



To: TokyoMex who wrote (2119)3/17/1998 1:34:00 AM
From: Lawrence Burg  Respond to of 14347
 
coupla weeks ago, you told me to take TA to GE & IBM...what changed your mind? Also your Stochastic (15-5-5-1) shows the %K crossing back under %D, near top band of 80, hinting sell...how are you reading this?

Using an exponential 14-3-3, the %K remains above the %D and rising, 'tho this happens pretty consistently on most RNTK price advances. Stochastic breaks up never last more than a week on RNTK (since Sep '97) and we're at about a week since this one started...

Would expect the stochastic to head south for a week or so taking the price with it somewhat, prior to next price advance sometime after middle of next week...just my guess...maybe Abi was right...