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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: James L. Fleckenstein who wrote (2484)8/21/1997 10:40:00 PM
From: Doug R   of 79273
 
Jim,

You're right. It's 3 3/4. I let a typo slip by.

My favorite ones for shorting are the stocks that completely disregard their TA and go way up when the TA says they weren't going anywhere.

GERN is a great example of that.

Otherwise I could easily pick stocks that will be going down and work out targets and stoplosses the same way I do stocks that go up. In fact, it's very difficult to find a stock that scores 50 or more. Stocks that score under 30 would be good for 25% down moves on the right timing signals. I've even seen a few that scored under 10. That's like a 55 on the bullish scale.

Doug R
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