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

To: Marq Spencer who wrote (11005)7/1/1998 10:00:00 AM
From: Chris  Respond to of 42787
 
psft - close to weekly buy.

i wouldn't initiate position until 50 is cleared.

if you're in it already, then 50 is potential resistance.

once 50 is taken out, then old highs.

but again, mkt is king. if mkt goes down, so will our stocks.



To: Marq Spencer who wrote (11005)7/2/1998 7:12:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
psft -- ouch.. hope you cut losses (but i think you're holding longer term)..

the weekly signal has weakened dramatically.

you have to understand the weekly signal is comprised of a "weeks" worth of data/prices. well, today's drop changed the "shape/slope" of my weekly indicators.. not good.

hope you're ok.

as i said, until it breaks 49, i wouldn't get in.


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