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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: mike.com who wrote (25089)1/6/1999 8:52:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 79382
 
mike

who says I am not richer than Gates? LOL

sorry for my reply, I had a great day with CMGI but for some reason I got in a bad mood all the sudden. Weird stuff.

Anyway, RACE looks like it is breaking out and on volume. I suspect, however, that the breakout is not a solid one and will fail shortly. It is also currently overbought via cci 13 > 200 which tells me this pop has 2-3 days max left in it.

The reason I said JBM looked like a better play was at the time I evaluated the two JBM was doing quite well and, considering its MIMBO status, its short and long term prospects are brighter than RACE.

ht
david