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Strategies & Market Trends : Point & Figure - Beginners (Real Green) -- Ignore unavailable to you. Want to Upgrade?

To: IA who wrote (196)1/15/1999 3:06:00 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 322
 
IA,
The only thing that I can see that would have caused me to be cautious is that the bullish percent for the sector is at 74%. This is in the overbought territory and is begging for a correction.
JXM



To: IA who wrote (196)1/15/1999 8:09:00 AM
From: Quest  Read Replies (1) | Respond to of 322
 
IA, There was nothing in AMD's chart that would have predicted yesterday's action on the stock. For starters AMD came in below analysts expectations, hence the decline. Other market factors may have also played a part. Looking at the chart I do not see a Bullish catapult. May be I need to look harder.

-Q


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