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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Jon Tara who wrote (8792)12/23/1997 2:06:00 PM
From: McNabb Brothers  Read Replies (3) of 9285
 
Jon,

I just want to thank you for all your post on the SI threads! We have been very impressed with your TA on stocks and the market!

We are hoping for a close on AOL today at $89 3/4 or lower, for that would be a "Doji" and a test of it's old high and if it closes lower then it will show weakness with a test of it's old high! Could work out to be a good looking double top!

On YHOO, we are not quite sure yet on it! We are hoping for a pull back this afternoon! I personally think alot of investors are waiting for Jan. 2nd to sell to be able to put off the tax for one more year, but it would not surprise me that we do not start the pull back before year end! The markets tend to do the unexpected and this might be the case with YHOO and AOL selling off when most do not expect it before year end! I might be wishful thinking too, we'll see!

Hank
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