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To: Candle stick who wrote (4646)5/22/1998 5:57:00 PM
From: John Rowton  Respond to of 164684
 
In my very humble opinion, today was the day of the start of the
long slide. All the CNBC media prostitutes will recommend while
their traders are selling but this is the start of the slide.
Next week should be very interesting, there should be a MANU type
announcement every day. Two weeks of earnings warnings from the techs.



To: Candle stick who wrote (4646)5/23/1998 1:03:00 PM
From: Olu Emuleomo  Read Replies (1) | Respond to of 164684
 
Yes , it was hit several times, but this time it broke and closed below......it is worth
noting that it also closed below on a Friday, a weekly close, which is even more
significant.......

Vey correct. That violation of the 50 day means we are headed for support at $77 and perhaps ultimately at $65. Short any rallies :-))

--Olu E.


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