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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: hman who wrote (35434)5/10/2000 4:15:00 AM
From: Doug R  Read Replies (1) of 79230
 
David,

I sold all my RFMD. I sold all my SWW. I sold all my CKEY. I sold some of my RMTI. I sold all my MCOM. I sold all my...oh...wait...I didn't own GE. I shorted GE.
CSCO did not meet the whisper number. Not a good thing.

RFMD closed below the magnet line and broke below its most recent short term uptrend line while closing in the lower 1/2 of the day's trading range on increased volume. Prognosis is negative.

Stalkable shorts:
Tiric: GLW looks like it's still a decent short
alesisgb: should have data soon
Tiric: scan for everything 15% or more over the 50 dMA
Tiric: FRNT's way too high
Tiric: lol...all I can find over the 50 dMA so far is GE and FRNT
Tiric: STM just split 3:1 and is about to give up the 50 dMA
Tiric: Stocks held up by very recent splits are probably good targets
Tiric: GE just split.
alesisgb: ge still a good short on down day tomorrow
Tiric: yep
Tiric: ZRAN looks like a great short
Tiric: It's below the 50 but looks very weak
alesisgb: aapl looks like sh*t
Tiric: lol...yeah I just looked at it.
alesisgb: altr got spanked
Tiric: There's nothing out there that doesn't at least slightly resemble s*it right now
alesisgb: lol
alesisgb: amat h and s'ish, earnings tomorrow
Tiric: after close?
alesisgb: think so, not sure
alesisgb: ack, bmcs
Tiric: Check out DRTE
alesisgb: cien could get ugly
Tiric: DIGL too
Tiric: wow...CIEN has ugly written all over it
Tiric: POOL's ready to go back to 28
Tiric: Man...that RHAT IPO sure sucked wind
alesisgb: lol
alesisgb: untu prolly breaks
alesisgb: intu
alesisgb: mchp on the ropes?
Tiric: I'd like to find one that looks like MCHP that's still above the 50
Tiric: check out COMS
Tiric: FLSH lost it
alesisgb: had some news today on coms
Tiric: musta been good...that's a news pop if I ever saw one
Tiric: CTI looks interesting
Tiric: putting in a MIM. When this downdraft is over I gotta keep that one on watch
alesisgb: pmcs looks bad
Tiric: damn...I liked SHPGY a couple weeks ago and forgot about the damn thing
Tiric: damn
Tiric: PMCS looks ripe alright
alesisgb: shpgy prolly short here, testing dt
Tiric: yep
Tiric: GILD
Tiric: ADTN
Tiric: aaaahhhhhhh.....PWAV
alesisgb: sunw testing that line off local low
Tiric: PWAV is best so far...still well above 50dMA and down today on higher volume than yesterday
Tiric: gotta check the technicals on it
Tiric: PSIX had news yesterday and continued up today...hmmm
Tiric: PWAV 89,3,5 is putting in a down knee at 80 right now...it's gonna be a good one
Tiric: nice...the 13,8,8 just crossed down as it went under 80 and put in downward acceleration today.
Tiric: It's a beaut
Tiric: butte?
Tiric: byoot
alesisgb: lol
Tiric: it could easily drop to 100. DLTR kinda overly high too.

Doug R
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