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To: SliderOnTheBlack who wrote (27245)8/6/1998 5:23:00 PM
From: VLAD  Respond to of 95453
 
If any of these dreaded stocks shows some real legs look for the ones that did well today and have a smaller float.

When I look at the charts of some of these stocks that were up sharply today I see yesterday as a blow off bottom. If they move up again another point or two and then base, we can actually see a significant move upwards.

Fundamentals don't seem to matter. These stocks are priced now as if crude was 8 dollars. Concentrate now on pure TA and we might be able to better predict where we will go know over the next 2 months.



To: SliderOnTheBlack who wrote (27245)8/6/1998 7:17:00 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 95453
 
The OSX today started to meet my key buy signal of not going down on bad news, The fact that the OSX rallied strongly on bearish comments by prominent oil analysts could be signalling the end of the bear. One day does not a trend make, but every thousand mile journey must begin with a single step.

If the OSX can continue to ignore bad news for a week or so, the bear will be dead and buried. Not to be replaced immediately by a roaring bull, but more likely a protracted base building process.