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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Seal who wrote (451)	8/20/1998 7:27:00 PM
From: epicure	Respond to of 7247

Jenna on Market Gems mentioned MDT a few days ago. I think she bought MDTIL at ~1 5/8. Not absolutely sure about her entry price, but I seem to remember that was it. It has formed a Harami today, could mean a reversal of the current uptrend. I wouldn't buy it here. I don't like the markets underlying weakness. Favors is expecting a new downleg- although he wasn't sure the little relief rally was over yet. I can't remember if Jenna posted her analysis of MDT but she probably did. You might want to look for it. I have my eye on a couple stocks but didn't want to buy today since we could easily have a continuation of selling tomorrow. Of course tomorrow is also options expiration, and that can get weird.