Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Jeff Jordan who wrote (1926)	2/1/1998 5:08:00 PM
From: TATRADER	Read Replies (1) of 18691

Jeff, I like how you pick your shorts..I looked at two of them, JDAS and SMMT...You are a flag pole player....Now that is agressive trading if I ever saw it... Of the two I looked at the one that looks ready to go down is JDAS... Flag pole pattern, ADX peak pattern is lower than last ADX peak in this price area..Tells me trend is weakening...Stock did not close near its high...I would say some selling pressure has already taken place...First cover area is 38.75, and then 35.00...Looks like a Head and Shoulder Top, with right and left shoulder, with this being last gasp for air....Another Hunchback of Notre Dame with two right shoulders... SMMT.... Intial pullback to 13.50, with possibility of attempt to fill gap in 11.50-12.00 area....ADX peak again smaller than previous peak...Trend weakening.... Two good picks for an aggressive short trader...Keep the picks coming...Just don't have the time for four picks....Maybe you can give us a read on KPG and ASF... Regards, Mark

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