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Strategies & Market Trends : Shorts waiting to happen

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To: Maynard E. "Buzz" Mills who wrote (280)	7/18/1996 9:20:00 AM
From: Jim Roof	of 852

"Buzz", Stick around, there's more. I am sure that you have picked up on SHVA. I think someof these high PE telecoms are about ready to be the next bloodbath. A lot of folks think the damage is over but technically all we have done in many of these issues is pull back to the neckline/trendline on a lot of tops yesterday. My personal take is that the NSDQ in general is in for another plunge in this sector and INTC may help touch this off. I know they had good earnings but the last I checked the rally stalled at the neckline of their top as did SYSF and many others yesterday. I sure hope I am right, I closed out more longs on the rally yesterday. The charts for these aforementioned stocks are compelling. Take care, Jim

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