for the computer stock traders from kahuna thread
www2.nando.net
Message 6199429
futures were around 1073 at the cash close
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+Judy (1781 )
From: +LastShadow
Wednesday, Oct 28 1998 8:23PM ET
Reply # of 1784
Stock Responses:
IMNX - thisone has been on an uptrend since 10/8, and looks to continue. The 5
minute chart shows some leveling action that would indicate a reversal potential, but a
little further look back said it does this weekly, so hold until it drops.
QCOM - this puppy has topped out at 56 in the past, so if it breaks through will be a
great move. Selling action this afternoon said others doubt that.
SYNT - This one has bounced between 18 and 15.5 four times this month - looks like
it should do it again.
MU 36 is the resistance level, and so it might be about time to short. The best sign will
be a ful or partial gap down, as it has done that every time it reversed down in the last 6
months.
The net surprised me with some new calls tonight:
Long on SGI, PETM and AKLM - especially AKLM, as there is a lot of technical
sterngth to it as well.
Short on CMGI, TLAB and FORE, and CMGI is important as that is one of the best
stocks I run in terms of predictability.
One other thing I should note in response to some messages I have gotten. In essence,
the net is an extension, a refinement perhaps of what I look for in stock patterns. Its
never given me an answer I didn't understand, although it has both been early and late a
day in doing so. It couldn't be anything else but an extension of my perceptions and
analysis and prejudices, because I developed it in that context. So when someone asks
for its assessment, it isnt really going to give you something radical from what I see in the
stock patterns. It couldn't. What it does do is apply a complex process I use to equities
I am not familiar with, and it does it very fast. That either works well or doesn't. So if I
say the net gave poor results, that really means I probably don't understand the stock
either and at best my assessment would be a chartist's/technician's view flavored with
some years of experience. So the advice is not going to be worth more than you paid
for it.
But then, its probably not worth any less than it cost, either...
lastshadow |
