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

To: puborectalis who wrote (12046)	7/15/1998 6:49:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

Thank you Steve. Please understand that I think Intel is one very well managed company that has a bright future ahead of it, which is saying allot considering the successful past this company has already had. Also, I want to make sure Electric understands that my post was not to him, it was a message to those here on this thread. Call me the local cynic. Furthermore, I do see that there are industries in this economy doing unusually well. However, there are key companies and industries not doing well in terms of revenue and earnings, including some of the techs that are significant in the market like CPQ and COMS to name two besides INTC. The patterns are there to be observed. IFMX definitely threw me there for a turn. However, I find that stocks which trade like IFMX cannot manage sharp price movement, particularly in the opposite direction. It is not a volatile and hotly pursued stock like some of those biotechs are that can pull rabbits out of hats when there are allot short term traders available to jump on board quickly when the "feeling" moves them. So stocks like this almost always pull back before resuming the new trend, or continuing back on the original trend. The giveaway was repeated tests of the resistance at 7 followed by renewed buying activity. There was one additional selloff when traders decided that the stock will not continue its move up. Then the stock rested at 7 for a period of time where waves of buying came into the picture. So I do think IFMX has turned around and is heading up. But I need to look at my day end technicals to validate this view of mine. I do enjoy providing the alternate view. I think many of you have figured that out. Even if most people's view remains unchanged, if for a moment I have caused them to think, then I consider my posts successful. Bob Graham