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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI) -- Ignore unavailable to you. Want to Upgrade?

To: Jerome Wittamer who wrote (1175)11/9/1998 8:31:00 PM
From: stockycd  Read Replies (2) | Respond to of 3541
 
Jerome,
Well...Am I bold enough to say that today was the short term top? Looks like it to me but I cannot bring myself to sell the bulk of my shares.

My weekly charts tell me that the IFCI rally is still in tact. My daily charts are giving me mixed signals 50/50 either way. The candle pattern tells me SELL!!! The RSI did not make a new high today. It has been in a sell signal since 10/21. (Remember, it never made the cross of the 30 line on the last sell off in late Oct.)

The volume has impressed me but there was ALOT of "selling into the strength" today.

My opinion...Chris



To: Jerome Wittamer who wrote (1175)11/9/1998 11:07:00 PM
From: JRobinson  Respond to of 3541
 
>>What about the RS line? <<

It looks like the RS line is in new high territory today. I swear the previous high looks lower than it did yesterday though. I'm starting to wonder how consistent this line is from day to day.

We have chewed through most of the overhead and should be in blue sky territory barring a bad report tomorrow.


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