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


To: Electric who wrote (10345)6/17/1998 10:10:00 AM
From: Chris  Read Replies (1) | Respond to of 42787
 
im still very cautious.. in my mind, it's TOO early for rally.
i expected dell to creep to 90 but i dont think it go any higher.

as for dell, you have the support/resistance laid out.. the plan is up to you..



To: Electric who wrote (10345)6/17/1998 10:10:00 AM
From: Robert Graham  Respond to of 42787
 
Be careful not to step in front of a moving train. The breadth is positive by 3 to 1 with larger cap stocks participating in the rally. All indices (DJIA, S&P 500, and NASDAQ) up for a substantial open. Up volume to down volume is over ten to one. Very positive preopen stats such as the foreign market closes (Hong Kong up 6%) and the S&P Premium over 10 points at open. At least wait for a critical resistance to be encountered and validated. I do not know where the market is at this moment, but 8750 comes to mind here.

JMO.

Bob Graham



To: Electric who wrote (10345)6/17/1998 10:14:00 AM
From: Chris  Read Replies (2) | Respond to of 42787
 
as bob g. stated i wouldn't short anything.. i would "wait" to buy.. that's it. Lisa got hammered a bit on her short.. no matter how bad the charts look, there are still "newbies" buying on dip. mkts ALWAYS RISE. shorting isn't too safe with the notion that STOCKS TEND TO RISE.