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To: Stoctrash who wrote (116)4/4/1998 8:22:00 AM
From: HOSEMAN  Read Replies (2) | Respond to of 128
 
Fred

IMHO, technically it looks as though its forming support. The technicals appear to be neutral with sideways consolidation. Frankly an upside move appears to be forming. Fundamentally, this asia things still has me spooked. If the move is to the upside, I see substantial resistence in the area of the longterm downtrend line now around the 25 area. 22 1/2 - 23 has been significant resistence in the past. Currently the daily moves and the overall range is small that I can't get much value at this point.

My father always told me, don't short a dull stock!

HOSEMAN



To: Stoctrash who wrote (116)4/6/1998 8:35:00 AM
From: Terry Whitman  Read Replies (1) | Respond to of 128
 
Volume update: Close to an upside breakout (to accumulation). Two consecutive UP days needed from the close of 4/3.

I am however, not very confident that the market is going to keep rising for much longer. In other words, I am looking for exits and short candidates. I am basing this on the NASDAQ Composite vs. 200 day MA. We are nearing 15% above the 200 day MA. In the past 4 years, +15 to +25 has signaled a market correction in the near future.

The way the indexes are advancing now, the bubble will soon burst. I've got to think AOL is going to be a real good short when the bubble finally bursts.

TW