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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Jon Tara who wrote (6157)10/28/1997 12:35:00 AM
From: Jon Tara  Read Replies (1) of 9285
 
OK, here come my scan lists. This post will explain the categories I'm going to be listing. The lists won't explain this again.

I will be posting sector-by-sector as I complete the scans. Each sector will have 3 lists:

1. Immediate short candidates: these will be stocks that have penetrated their 50-day moving averages, and are apx. 1/3 to 2/3 of the way toward the 200-day moving average. Look for these stocks to follow through to the downside to hit their 200-day moving averages. Many obvious choices may not be found here because they have ALREADY hit their 200-day moving average.

2. Stocks showing amazing strength. These stocks are still above their 50-day moving averages. However, the MACD is looking very precarious on many of these. If these stocks survive the next few days, they could be excellent long-term choices, as they will have survived the crash with no technical damage.

3. Stocks that have broken their 200-day moving average. I have no particular recommendation on these. Just "interesting". Perhaps short these. Perhaps go long in a reversal. Perhaps just watch these as a clue to what may happen next.
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