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Strategies & Market Trends : gary smith shorts and longs

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To: Fortinwit who wrote (304)	1/26/1999 9:31:00 AM
From: backman	Read Replies (1) of 430

miscellaneous thoughts: 1) market looking weak, short-term... widening divergence of Adv/decline from indices, and new lows increasing looks like a setting for shorting. with that in mind,and a lengthy short list to choose from, i come up with the following: usw, snrz, sipx, mcsc, imaxf, idxx, cdwc i'm looking for issues that have broken downtrends and recently dipped below 50dma...only trade with limit orders, unless you've got level 2, and can be part of it unfolding...market orders on ebrokers is like voluntarily putting yourself under the guillotine...the only question is "will the blade be sharp or dull when it lands?" david

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