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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (13338)3/15/1998 3:49:00 PM
From: ivan solotaroff  Read Replies (1) of 79254
 
SEEK and SLAM
(A game that's fun for the whole family--or at least the madre and padre)

Doug:

Speed-dialing in from Mars to say I've been using the 5th and 6th (or 6th and 7th) trading days of Feb.(quelle difference!) as the ACT for SEEK, which puts mine at 18 or so. My IL is currently over 26, nowhere near being violated. I believe this very inferior service is way overpriced, but: Its strength seems to emanate from the Pete Sampras-style rush-to-the-Net stocks, which of course are growing out of cheap computer prices. As a trend, that could go on for days, even weeks yet, so: hard to call a top.
As for SLAM, on the other hand, couldn't agree more. I'd even go on a limb and say 14 within two weeks--and at the full margin one shorts at generally, that's over 30% in a fortnight. Like taking candy ... from a BABY! HULLO!
Back to the mother-ship, and I'll send you a card from Orion: Wishing You Were Here.

Ivan
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