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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: CatLady who wrote (9253)	2/12/1999 9:27:00 PM
From: Investor2	Respond to of 12039

Re: "Buy signals have been a little scarce over the past 8 or ten days." I found that to be true too. Actually, I've been doing a fair amount of selling over the past month or two. While is is not exactly on my dream list, I bought PBY today. I'm a sucker for trying to catch the falling knife, but it is acting much better recently. It seems to be showing some good relative strength and seems to have found a bottom. quote.yahoo.com Best wishes, I2

To: CatLady who wrote (9253)	2/13/1999 4:48:00 PM
From: Paul R. Drahota	Read Replies (2) \| Respond to of 12039

Catlady, A/D lines ind., New Hi/New low ind., interest rates increasing, McClellan Summation deteriating, Dow utilities are deteriating. Is there a point in which a mental warning flag arises and says hey, caution here. To me it seems a little harder to make money now and probably in the next 2 to 3 months according to the StochRSi(14), StochRSI(44) and StochRSI(56)as well as the Projection Oscillator(140,25). Note the down cycle we are entering. The Dow and NASDAQ intra-day hi-low are wider hinting volatility before the intermediate correction. Or do you enter into the shorting trade mode? Seems risky buying PROG at this time. But then, who can accurately predict the markets to the T anyways. Just curious and learning the broader ropes. Thankyou in advance. Paul D.