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To: Thean who wrote (17249)3/30/1998 9:37:00 PM
From: Broken_Clock  Respond to of 95453
 
Thean...
Check the SLB chart.
iqc.com

See those 4 tops going back to end of december? I said that SLB had to break and hold 80 for this rally to work. It never did. Yes, RIG has a helathier chart than SLB. That won't save RIG from following SLB down. By leader, I mean the stock that indicates the next direction the osx is headed in. SLB has more $ flow in and out than any other stock. Let's see what happens tomorrow. I expect we'll be back to the old bull vs. bear arguments and slowly but surely profits will be pulled off the table...at some point the tables will reverse and we'll go back up...probably in a couple of weeks when earnings give us a boost.



To: Thean who wrote (17249)3/30/1998 9:42:00 PM
From: PnclNk  Read Replies (1) | Respond to of 95453
 
Well, here come the "I told you so's " from Cramer. Any reason for near term hope?



To: Thean who wrote (17249)3/31/1998 4:35:00 AM
From: RGinPG  Read Replies (1) | Respond to of 95453
 
OK, so maybe this isn't it, but its at least closer to being it than the last it was.

<TA> Some of the charts are giving convincing sell signals. Some are still in the staying in the overbought pattern, but some have definitely turned down and are close to a peak sell signal. The chart of the OSX looks bad. Even if we hold flat or slightly up tomorrow, we will be very close to getting below 80 on the stochastics. This has been a fairly accurate sell signal even in an uptrend. rgdoczzz.home.texas.net (the site is in transition, so bare with me).

Unless we get a real show of strength tomorrow, I'll be taking some profits, hopefully to buy back in a few days from now at slightly lower prices. I don't plan on staying out long. This may not be it, but it is definitely getting close.

First to go will be FGII, then RON, then DO, and CDG.
VRC and GLBL are looking weak too, and I may shave some of my holdings there.