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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (68104)	3/7/2003 6:03:07 PM
From: Moominoid	Read Replies (1) of 209892

I'm trying to play both sides at once. With a lot of divergences between stocks it is possible. Some stocks played out 5 waves up from the Oct bottom and are just starting their decline - ASKJ for sure and maybe YHOO. Others seem near completing their corrections: e.g. HPQ, LOOK (LOOK did 5 waves up, HPQ 3 or 5 - difficult to decide). I also try to trade News Corp in Aus (NWS, NCP.AX). I went long from short -thought it was oversold relative to the NAS - bit too early it seems. Also went long an Aussie junk stock LUM.AX - it could be in the start of a wave 5 or maybe a B in its decline - difficult to tell.... Moom

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