Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: belker who wrote (1709)	1/28/1998 6:15:00 AM
From: Dale Baker	Read Replies (1) of 18691

Judging by MANU's recent pattern plus MACD and Stochastics, I wouldn't short it under 45. No signs of a clear downturn yet. SEBL, on the other hand, seems to have topped out. Both indicators show a possible break at the top with room to fall to at least 43. Since I missed ITWO at 55 yesterday (damn!), I think SEBL will be my next target, with a limit short at 48. Anybody think ITWO still has more room to fall, or will it bounce back after the recent haircut? The last time ITWO's Stochastics hit 0 at the bottom, it regrouped and made a run from 40 to 62. Current shorts beware.

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