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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Kenneth R Miller who wrote (7606)4/19/1998 12:22:00 PM
From: Chris   of 42787
 
JBIL

thxs for the patience..

here we go:

currently on a weekly buy.. but not a STRONG weekly buy. do note that although i have a weekly buy, JBIL did not go anywhere.

weekly buy was on the week of 2/6/98. my new CSS scan hit was triggered on 12/26/97 (giving you ample notice that trend was changing)

couple items:

from feb 1998 to march 1998, jbil rallied above the 200 day ema to 55.
sell signal was triggered on 3/2/98 @ 50. currently jbil at 35. also note that once 200 day ema was broken on the downside on 3/9/98, it should have been automatic sell.

what now?

well, since my weekly buy is weak, jbil is weak. it has that broken 200 day ema to contend with (now at 40).

your trading range right now is 30-40.. 10pts trading range should be taking advantage of.

i would not initiate any longs until that 200 day ema is taken out.. until then you can do the trading range strategy.
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