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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (9674)	10/19/1998 9:59:00 PM
From: Ken W	Read Replies (1) \| Respond to of 29382

Sergio, I wrote Caorle on the Reunion thread, but no answer. I would not be surprised if power in the area is a problem. Talked with a customer today just outside of S.A. She said that all of the roads are flooded and that it rained so hard for over an hour that you could not see across the street. (she did order some ribbons though). SA is digging out of the mud and muck. Knowing Texasan's they will be up and running within the week, thus the reunion will go on anyway, even if they have to have it in a boat:-) Your core holdings look real good and I agree with you as to not being out of the woods yet. Being careful with overbought and oversold conditions is a smart move at this point. The stocks will still be there another day. David could not have been more correct on PURW and I nearly played it just off of his word :-) Short tomorrow? ;-) Looking to get back into SDTI around 11 or so off of profit taking. PMTC should gap tomorrow and run away if there is some sort of news that obviously is expected. Here's one for you....two downgrades on AGTX and the stock goes up over a point.....go figure....folks are just in a buying mood. Ken

To: Sergio H who wrote (9674)	10/19/1998 10:12:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 29382

Hello from TEXAS Sergio...Still RAINING and the San Antonio area has had 20+ inches in the past 48 hours.... My parteners property that was not built on has a NEW Float house on it and he was digging out knee deep mud this morning out of the next door house...they lost 8 houses and what was once a 50 foot crossing is now 1 MILE!!!!! It is still raining and FLOODING....I for one would not come to Texas in the Austin area for Weeks to come....JMHO No Place to stay and digging out now!!!!!!!!!!!!!!! Bring your life raft!!!!!!!IF you are coming!!!!!!!! Later Preston

To: Sergio H who wrote (9674)	11/8/1998 8:06:00 PM
From: Sal D	Read Replies (1) \| Respond to of 29382

Sergio, I see you have been honing your TA skills. I noticed you seem to like to check the charts for overall market condition more so then for individual stocks(not that there is anything wrong with that). Thought I would share a comparison chart with you, not that it is any better then any other, it's just one that I like. It compares the S&P Composite with the Willshire 5000 and the Value Line Index.The Willshire 5000 is a very broad measure of the NYSE, AMEX and OTC stocks,it is weighted by capitalization and is a rough proxy for the total outstanding portfolio value in the US. Conceptually it is the indicator that should be used for monitoring trends of the overall market, but has not received the widespread recognition it deserves.The Value Line index is another proxy for the broad market. The chart is shown with the 200 DMA of the indicator. geocities.com The deal is when all 3 indicators are above their 200 DMA the market is said to be in a positive trend and vise versa. Another positive is when all 3 confirm each other and make new highs, the market is then said to be in gear. Also look for divergence, when the Value Line Index (typically the weakest) does not make a new low but the S&P and Willshire 5000 do, this is a sign of strength and possible reversal of the overall market. This is just another comparison one could use for overall market condition, there are many others as you know, this is just one I like, and as you can see from the chart things are looking up. Good Luck. Joe P.S. One TA book I would recommend is Technical Analysis Explained 3rd Edition by Martin Pring published by McGraw Hill.