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Strategies & Market Trends : Stochastics

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To: Cathedra who wrote (819)	8/12/1998 8:28:00 PM
From: Wayners	Read Replies (2) of 927

CMGI sell signal today. Looks like a return to support level of about $65. Buy any breaks above $90 on high volume. NSCP is a tough call. It closed right at the resistance level of $30. Volatility is probably too high for it to move up significantly from here. Volatility is decreasing. I'd expect it to stay in a range between $30 3/4 and $26 1/2. If it was going to break it had to do it yesterday or today. Didn't happen. Volume is decreasing the last 2 days. LCOS Near the resistance level under $70. I thought it would retest this resistance and it has. Trend was down but has neutralized. Another tough call like NSCP. The probabilities are against a break up to the upside. The way to play it is to sell at the resistance level and be prepared to buy back in a legitimate break above the resistance level. Should be confirmed with some type of positive news event or rumor. Place buy stops above $70 and sell current positions.

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