Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Momo Dog who wrote (455)	1/8/1998 9:07:00 PM
From: TATRADER	Read Replies (2) of 18691

Momo, selling pressure on PRST is drying up...Take a look at volume 10 day=3951 5 day=2740 3 day=1981 This is not a stock I would short at this point....Reason being is the main Head and Shoulders top has already been played by the traders... HST reading was 55 by 40(40 being the neckline) That gives a downside of 15 points from neckline at 40....No interest to pattern trader since it has touched target of 25.00.....Trading range stock now, 23.44 by 35.07.... Regards, Mark

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