Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: chester lee who wrote (206)	1/6/1998 10:01:00 AM
From: TATRADER	Read Replies (3) of 18691

chester, I took a quick look at AVNT...Don't have ENML yet in my data base...I see two patterns, a rectangle from 35 by 25, with downside target of 15.00 a share, or a Head and Shoulders top with Head at 35 and neckline at 25, again giving a downside target of 15.00....Amazingly how accurate the patterns are...If you do a volume study you will observe good support in the 14.50-14.75 area, with resistance in the 18.75-19.12 area, and major resistance in the 20.00-20.12 area...I see this stock as a trading range stock for sometime...You can trade the extremities of areas of resistance and support, but IMHO, other stocks provide greater potential....Take a look at the pattern of ORG....Does it not look like we are completing a right shoulder or finishing a double top??? Regards, Mark P.S. MY ESV, LRCX shorts are bringing home the bacon today...

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