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To: DavidG who wrote (31139)10/26/1998 2:02:00 PM
From: E. Graphs  Read Replies (2) | Respond to of 95453
 
DavidG,

IMHO Foundation is weak technically for any runaway....gaps all over the place......see RON ~30 SII ~22 TDW ~25 PDS ~12 1/4 PDE ~7 GLM ~9? NBR ~16 7/8? CDG ~15? NE ~13 1/2? (?=eyeballing the charts...no time to check or do detail on all of them....imho, this means we should pull back)

Otherwise, charts look great, a pullback will most likely cause development of ascending triangles or other consolidation (poss l/t bullish) formations.

RON will probably reverse at ~40 and retrace to ~30 (poss ~25)....haven't looked at SLB (but it has a gap as well, remember? <g> ~47?)

[OT]
Big charts are now technically doing quite well! Naz sez poss pullback to ~1660 then target ~1750 s/t) INDU s/t targets ~8550 then poss ~8690

MU could run to ~40 (see monthly chart)

Everything just my humble opinion...

Good Luck trading!

E!



To: DavidG who wrote (31139)10/26/1998 4:21:00 PM
From: E. Graphs  Read Replies (2) | Respond to of 95453
 
DavidG,

Pretty amazing, huh? Hard to imagine any of this coming back.

That's why I held on to some......the way RON pulled back to its breakout ~31 and then just took off again.....was a very bullish move!

And, all those gaps may never be filled....maybe there's some kind of thing where when all/most stocks in a group break out with gaps it means the hugest rally ever is coming! I have no idea!.....I'm just keeping some and trading some and trying not to get too greedy on either end.

Good Luck and Enjoy It!

E!