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Strategies & Market Trends : Roger's 1998 Short Picks

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To: TATRADER who wrote (1246)1/23/1998 12:48:00 AM
From: freelyhovering  Read Replies (1) of 18691
 
Mark--Its easy to be brilliant when one has a great coach. As for ORTL, I see very little to redeem it as a buy candidate. The symmetrical thing for it to do would be to go down a couple more points. Is the volume of the exhaustion type? It could bounce some as it is sitting at the bottom of its 30X20 channel. No good technicals though. Did I pass the test? BTW, I was looking at the 13/8/8 stochastics on many of the oil service stocks including UTI, and they all have basing formations that could support rises in price. Are you a follower of this indicator and if so, what say you about RON,WII, KEG, CDG, UTI, SLB, ETCCC....Myron
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