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Strategies & Market Trends : Roger's 1998 Short Picks

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To: vegetarian who wrote (157)1/5/1998 2:51:00 PM
From: TATRADER  Read Replies (1) of 18691
 
M. carter, MOT is a short at 60.00, with a cover in the 56.00 area...
Technically, the pros will cover in the 55.00 area, so you have to beat them to the punch....Downward trendline is right at 60.00...Will be interesting to see if it closes above downward trendline...Remember you must be two days above resistance area to confirm new uptrend....ADX is weak at 28,(like it above 35)so my bet is that she caves in and moves back under 60.00....Good luck....Mark

P.S. I don't have XLNX in my data base at this point....
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