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Strategies & Market Trends : Three Amigos Stock Thread

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To: JoeinIowa who wrote (22360)11/23/2000 11:54:42 PM
From: Magnatizer  Read Replies (1) of 29382
 
Joe

Yea, I was pretty darned busy that week. Coming from a small family and marrying into a large one is quite an ordeal. I love em but I am sure glad to be home. ;-)

geocities.com

First ALSC. I see it having good support which must hold in the 14.50-15.25 area. Overhead is in the 17.30 area (magnet downtrend) and if it can take that out the 20 area is next stop. Buying down here looks good to me with a quite reasonable risk/reward matrix.

Who is gonna lead....

BTK and SOX are where I am looking for longs.

BTK cuz it has been the strongest (on a magnet sense... it just keeps putting in magnet uptrends which is sign of strength.)

SOX has good mag support into the 565 area.

I am basically relying on support holding here on many fronts. If it fails I will grow claws in a hurry and get bunkered in for a few years of focusing on commodities.

ht
Mag
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