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To: Jan Crawley who wrote (13910)8/18/1998 1:22:00 PM
From: Tenpole  Respond to of 164684
 
Well, it is all stunningly inconclusive right now - lots of indicators flying into oversold territory with only the lightest of price movements. However, it just put up a new intra-day high which it then promptly failed to hold, drifting back under the previous high.

One of the best signs to confirm that we are, at the very least, in a consolidation is the MA's - most of which up to the 18/36dMA have crossed to the downside.

Whatever else, the volume is weak and I suspect that any rally of the kind that we are seeing today is just going to load the guns of the longs looking to exit.

All in all, this is a day that needs to be considered as a whole. I'll take another look after the close.

T



To: Jan Crawley who wrote (13910)8/18/1998 3:08:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 
Right, T. For instance, Glenn has 1K and I have 100 shares.
Now that both you and Rob are here, we need TAs....

:))


We sure do:-))))

Glenn