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Strategies & Market Trends : Roger's 1998 Short Picks
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To: TATRADER who wrote (2149)2/2/1998 11:50:00 PM
From: virgil vancleave   of 18691
 
scai: i see a nice head and shoulder top with left shoulder at around 25, head at 30 and shortlived and right shoulder seems to be missing or now forming(?). support is at 19 to 21 and below that 15 and below. 200 day moving average just happens to be the bottom of support at 18 or 19. moving averages have all turned bearish except 200 dma which is now flat and starting to turn down. investors accum/distrib rating is a c and lowering over the last 2 weeks which is what i used to give me the short signal i posted. rel strength is 98, down from 99. from a valuation standpoint, this one has room to fall as it is priced at around 10 time revenues and has little cash.
appears the trend is down on this one

thqi: the accum/distrib rating and rel strngth have started falling suggesting a near term top. chart looks toppy with either a saucer type top formation or maybe a very slight head and shoulder top. stock price appears to be holding above all the mov averages which are still in an uptrend. doesn't mean that it is not prone to a pullback to the 100 or 200 day. 100 day is at 18 and 200 at 16.

trend is flat to down on thqi and valuation is pretty fair as it is at around 2 times sales and has some cash to boot.

i dont know what either company does, but it really doesn't matter. charts and fundamental numbers tell the story anyhow. hope this helps.

btw, i will keep watching dell and msft as they broke through resistanc to the upside. the oil drillers look to have made a possible bottom, but will wait for the retest of the bottom and if it holds may go long.
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