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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: nada yusof who wrote (19988)	7/30/1998 3:12:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79269

nada, It looks to me that the run up starting on 6/19 was the "buy the rumor" phase and the activity today is typical of the "sell the news" mentality employed by traders. This is the point where you have to have a grasp of your own time horizon in owning the stock. I don't have any long term sell signals on it but it seems that over the short term there isn't going to be a whole lot of strength in it unless a high volume recovery begins right away. I'll have Warthog keep close tabs on it since its 3 dRSI profile is exactly what he's currently interested in. Doug R