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Technology Stocks : Metro One Telecommunications--MTON -- Ignore unavailable to you. Want to Upgrade?


To: ChrisJP who wrote (348)5/22/1998 2:42:00 AM
From: Doug R  Read Replies (1) | Respond to of 608
 
Chris,

That pullback you mentioned for all those stocks is the wakeup call that we're in a correction. It started on a technical level for the Dow and S&P 500 three weeks ago. Stocks that immediately return to the most recently broken uptrend are the ones that deserved that uptrend. That's what corrections do. They eliminate the stocks that don't deserve to be trending up. Almost all stocks will lose their last uptrend during a correction. The true movers get it right back. MTON has just showed us where it's current uptrend is. If the market does one of those "hurry up and correct" weeks like it has for the last few corrections, It will be obvious whether or not MTON is on track.

Doug R