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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Robert Graham who wrote (7982)4/28/1998 2:14:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
im agree on no long positions right now.. hwp definitely showing weakeness today. great analysis bob g. on the trading blocks..

in addition im taking profits on IBM. and on mdco. small profits i must say.



To: Robert Graham who wrote (7982)4/28/1998 2:23:00 PM
From: Chris  Respond to of 42787
 
bob g.

i think if one looked at the sp500 (as i did with my mkt call), you would have seen the weakeness.

1) notice that the 21 day ema for sp500 was broken one trading day before the "yesterday's crash)

sp500 is on brink of touching 50 day ema! djia and naz are not there yet..

sp500 is the index to watch!!



To: Robert Graham who wrote (7982)4/29/1998 12:18:00 PM
From: Judy  Read Replies (1) | Respond to of 42787
 
This market is churning beautifully and I have a different view of block action on HWP based on trading action over a longer timeframe coupled with fundamentals. Have advised friends to hold and set a trailing stop gain at the 13-day ema and put it on the back burner. Will post when I have time.