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


To: Judy who wrote (8666)10/12/1998 2:56:00 PM
From: wizzards wine  Read Replies (3) | Respond to of 34811
 
Judy, Sorry for the confusion. Trading wise on the short term one does not always look at the fundimentals and thus the Technicals looking good were what carried the rally forward and a little percieved good news, that being interest rates and possibally Japan moving to do something.

Investing I look at in the longer range as the fundimentals must be good and the technicals should give one signals that they are comfortable with to make a give investment.

I believe we are just beginning to feel and see the ripples from the Asian arena, and that they will affect other areas including Russia, China, South America, some of Europe and eventually US based companies profits and growth...

Those that blindly believe that we as America are immune to the woo's of the rest of the world, will unfortunately learn a very painful lesson I am afraid.

Just my thoughts,

Later

Preston



To: Judy who wrote (8666)10/12/1998 2:58:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 34811
 
Hi Judy,
Where do you see the market going short term (1 week)? Saw your post where you mention RA was s/t positive. Don Sew still seems to be negative.

Looking at the P&F chart for NAZ, I see some weak resistance 1560 (a previous reversal point up). I sold my small call option positions in INTC and ASND today and bought puts in XRX and LCOS. I saw resistance at $95 for XRX and some weak resistance at $30 for LCOS.

Tom