Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: TATRADER who wrote (2156)	2/3/1998 12:04:00 AM
From: virgil vancleave	Read Replies (2) of 18691

mark, i have been short wire for 5 or 6 weeks now. i shorted when it was 33 1/2. it is now looking very much like a h and s top and any breakdown below the 200 day of 25 spells trouble. once again the trend is down on all the mov aver and also the accum/distrib rating i follow in investors daily still has a sell signal and relative strength still bearish. as you can tell, i don't use too many indicators but have found a system using ibd along with fundamental and technical charts that seems to work. i covered pten today. was short at 42. am still short imnx as well as some others. still long creaf as it has formed a double bottom and looks strong. i also covered nss for a nice profit. one to watch is altr. it should be a good short at 38 to 40 with cover point at 30. hope this helps

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