AI
Tuesday, July 23, 2002 7:21:00 PM
July 25. watch WLP, CYH..and back to LH (July 24). We must follow up our plays or we'll end up just scanning for 'peanuts' or worse, buy at intraday resistance, just as the stocks pull back. Couldn't care less about this technical rally, what will CONFIRM the rally will be ONLY THE REPORT ON JULY 25. Until then we MIGHT have some "anticipatory upswing" in case the sector continues to rally. You need BOTH TECHNICAL and FUNDAMENTAL indicators to work in harmony to have a successful rally from now on..
Sometimes the fundamentals won't even be enough, but surely the technicals alone ARE NEVER ENOUGH. Recovery I would expect FIRST for the health care and financials. What can precipate a longer lasting rally (more than 1 to 2 hours) will NOT BE OVERSOLD market internals but sure signs of EARNINGS ACCELERATION.
LH part of the Medical/Dental-Services Group and like XRAY might be headed towards a rally. LH expects to release second quarter financial results at approximately 5:00 p.m. Eastern Time on July 24, 2002. http://www.investorshub.com/boards/read_msg.asp?message_id=425346
You can see how little technical rallies determine reversals with our prior LH chart.
CYH and WLP
Sometimes the fundamentals won't even be enough, but surely the technicals alone ARE NEVER ENOUGH. Recovery I would expect FIRST for the health care and financials. What can precipate a longer lasting rally (more than 1 to 2 hours) will NOT BE OVERSOLD market internals but sure signs of EARNINGS ACCELERATION.
LH part of the Medical/Dental-Services Group and like XRAY might be headed towards a rally. LH expects to release second quarter financial results at approximately 5:00 p.m. Eastern Time on July 24, 2002. http://www.investorshub.com/boards/read_msg.asp?message_id=425346
You can see how little technical rallies determine reversals with our prior LH chart.
CYH and WLP
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