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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: mph who wrote (16146)1/26/2000 12:56:00 PM
From: Ms. X  Read Replies (2) of 63513
 
I'll point out the stops in CRGN.
It is coming up on some sell signals and the momentum is
negative. The RS is positive but the sector is at 80% which
is very high. Still in X's so the sector is still OK but
not much to gain in the sector itself. If CRGN gives a sell
signal it could be the beginning of a breakdown. I watch
these big stocks in sectors that are at a high level like
this because it could signal a change in the sector.
I'm not saying it is mind you. I'd watch for the sell
signals. Certainly if your friend wanted to take some
profits off the table since they have such a huge gain that
would be the prudent thing to do. They can do that on the
first or second sell signal.

130 X --------------
128 X O
126 X O
124 X O
122 X O
120 X O X ------?<--If the stock can make it up here without
118 X O X O X ? giving the sell signals listed below,
116 X O X O X O ? it could still be in good shape but I'd
114 X O X O X O ? recommend taking some profits still
112 X O X O X O ? unless this is a longer term hold etc.
110 X O X O X O ?
108 X O X O X O ?
106 X O X O O
104 X O X ?<--First sell signal.
102 X O X ?
100 X O X ----?------------
99 X O X ?
98 X O ?
97 X ?<--Second sell signal.
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