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Strategies & Market Trends : Shorts waiting to happen

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To: Cadaver who wrote (205)6/29/1996 3:13:00 AM
From: Fred Weiss   of 852
 
The best indication I have found to identify reliable momentum shorts is the combination of a 9 day relative strength in excess of 80, coupled with a rise to an identified top of the stocks trading range. The higher the RSI the better.

This is simply a stock that cannot sustain that strength for very long, hence the shorting opportunity. The 1 stock I track that currently meets this criteria is: Project Software (PSDI).

Take it for what it's worth.

Fred Weiss
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