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To: Patrick Slevin who wrote (7114)10/23/1998 12:26:00 PM
From: SE  Read Replies (1) | Respond to of 44573
 
Right now I am on a buy. Looks a touch overbought STO and RSI. MACD looking good. Pullback to 80.00 would be the buy point I think.

-Scott



To: Patrick Slevin who wrote (7114)10/23/1998 12:34:00 PM
From: Tom Trader  Read Replies (1) | Respond to of 44573
 
>>Sort of a compression period before a spring flies. My bias is a northerly move barring external news. <<

I agree with you about how it looks like it will be resolved

Basically the various pieces are not in place for a serious break. Today seems a lot like yesterday with the limited downside bias in the am -- remains to be seen whether there will be a surge in the afternoon. But it is a very over-bought market and so there is obviously some risk that we could have a break.