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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?


To: Ms. X who wrote (5357)8/4/1998 4:55:00 PM
From: The Phoenix  Respond to of 34811
 
Uh....I did.... BUT..It'll come back. :)

I'm licking my wounds today. Bad BAD day all around. I'm hoping the Cicso and Amazon earnings reports give the market something to rally on. I guess I have my doubts though.

If we don't get a rally before Thursday morning I might be forced to build a cash position. What a thought! YIKE!

Gar



To: Ms. X who wrote (5357)8/4/1998 5:04:00 PM
From: Jorj X Mckie  Read Replies (3) | Respond to of 34811
 
Janeroo,
You know that if he did get on the MRVC bus that he got off at the $19 exit just like I suggested;-)

Surpised at how well ASND held up today.

CSCO's chart looks like crap! (while still being the greatest company around, but I'm not biased). Broke through support at $94, but held $92. The market really screwed up CSCO's pre-earnings runup/announce selloff pattern. Looking for a pop tomorrow based on 3-2 split and .01 over expect earnings. Thinking of buying protective puts if it breaks through $90 since the next support is a long way down at $74.

Tom