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To: Todd N who wrote (41648)4/5/1999 9:47:00 PM
From: stan s.  Respond to of 95453
 
I wish I could agree but to me, the very short term looks weak.

In addition to the negatives I mentioned yesterday, you can add the MACD sell and the 6-10 weighted moving average sell today.
Message 8700829

Candlesticks are generally negative as well, long upper shadow (shooting star), on neck line pattern, spinning top...pointing towards a continued loss of momentum.

Without the intervention of news the OSX appears headed for a test of support soon.

Tomorrow? Who knows, but short term signals point down.

Stan



To: Todd N who wrote (41648)4/6/1999 12:09:00 AM
From: RealMuLan  Read Replies (1) | Respond to of 95453
 
Stocks like FGI, GLBL, which finally broke out above 200 DMA a week ago, today all closed below their 200 DMA, the first time in the last 6 trading days. This is bearish from TA view. So I think the correction is not over yet. Not until mo mo money move back in. But what do I know.


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