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Strategies & Market Trends : Rande Is . . . HOME

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To: Joe Smith who wrote (12010)	9/10/1999 3:06:00 PM
From: Kevin Shea	Read Replies (2) of 57584

Yes Joe..in many ways it is...patterns like this (which is a little longer than I like) offer some very interesting risk/rewards since a clear stop is at 32 or so but the reward could be quite nice... I look for correlating TA signals in which I find strength underlying what appears to be flatness...I use a leading indicator( an early signal) to perk up my ears and a trending signal to suggest conservative entries ( depending on the risk I might enter on the first signal)... I could get into the specific details (Which are rather dry)... but at this time HLTH appears to be building to an upward advance move HOWEVER, if you check the short position, you will note that as of 8/9 45% of the float is short.... This makes me nervous about HLTH and suggests to me that I either avoid it altogether, or be rather cautious (even though the TA is positive). I would put in on alert for a test over 38 and possibly enter it then or just look for a similar pattern elsewhere without a large short position. (Note: some might argue that a short position sets up a significant short squeeze which will quickly drive prices up) Please feel free to offer other suggestions (e.g. I put VUSA on alert for similar reasons...also high short position). Take a look at CYSP and see how the chart set up in the end of June ( it went flat after a downtrend) and once again in early/mid August where is flattened out at 6 1/8 ... both time I got good signals; one leading to a substantial gain, the other to a modest one. I am VERY interested in seeing these patterns occurring just off the high as well as at bottoms Glad you caught the HSAC message yesterday

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