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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (4405)1/21/1999 11:24:00 AM
From: John Pitera  Read Replies (1) | Respond to of 99985
 
Debra, IBM is giving us the best divergence (IMO) on the Daily MACD's
and RSI's since its low in Oct 1998. And it is higher above its 200 day MA on a percentage basis than any time in the past 25 years.
Could be a good short ones of these days particularly if it can pop
back up to 200$ a share.

John



To: HairBall who wrote (4405)1/21/1999 11:47:00 AM
From: Stephen  Read Replies (1) | Respond to of 99985
 
LG - my post was a question to the thread based upon my bias that Greenspan might take some air out of the market, which was implied rather than explicit. My subsequent reply was just a one line courtesy response that people could skip over without wasting time. If I offended anyone by not posting 100 lines of rationale, I offer my apologies !

Regards

Stephen


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