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To: Crimson Ghost who wrote (32457)12/4/1998 2:57:00 PM
From: gregor  Read Replies (1) | Respond to of 95453
 
George: Nice call on the caution.

Instead of a triple bottom it could be a fizz, fuzz, fizzfuzz, kerrplop.



To: Crimson Ghost who wrote (32457)12/4/1998 3:37:00 PM
From: Captain James T. Kirk  Read Replies (1) | Respond to of 95453
 
Maybe there isn't much OSX upside, near term, but it sure looks like we have hit another bottom, and history has shown that its at least a 25-30% return from here on the stocks I follow. OSX now 48.05 and climbing into the close.
Think about this:
OPEC has failed
The weather is warm
Inventories are huge
Foriegn markets/economies are still lagging
Many of these service stocks have had lack luster earnings
Iraq is a non-event

It doesn't get any worse than this (minus a general market crash), so with all negative factors in place, how can it get worse ? Look doom in the face and smile, place the order to buy !!



To: Crimson Ghost who wrote (32457)12/4/1998 11:28:00 PM
From: Les H  Read Replies (1) | Respond to of 95453
 
The lower band of the trading band for the OSX is 46.3. We're almost there. The 14-period Wilder RSI almost gave a buy signal today, rising from 26 to 29.7, just below the 30 threshold. Even Burlington Coat Factory (BCF) seems to be refusing to go lower.