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Strategies & Market Trends : Roger's 1998 Short Picks

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To: James Unterburger who wrote (4440)3/8/1998 4:16:00 PM
From: Mama Bear  Read Replies (1) of 18691
 
>>>Please define "confirmation day".<<<

YHOO closed below the 50 day ma, and coincidentally the previous (at that time) breakout point of 58 5/8 one day only (1/28/98). I was looking for another close below the 50 day for confirmation, but it closed at 61 7/8 the next day. Perhaps I was just lucky, but that's why I didn't short it then.

Barb
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