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Strategies & Market Trends : Roger's 1998 Short Picks

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To: BDR who wrote (17852)3/23/1999 3:25:00 PM
From: virgil vancleave   of 18691
 
Does anyone else follow the general market indicators like the a/d line, etc? If so, what is your opinion on the market here. I have been short various stocks for the past three weeks and am doing quite well. Currently, I closed out bobj last week, and am short uihia and have some others I am ready to establish. It is my opinion that we have a long way to go down. One stock I like short in particular is LU. Chart shows a double top with a neckline around 102, which is where I see resistance. Any opinions?

It is time to be agressive on any rallies. This could be the bear market we are waiting for. All the books say that when the leaders falter, it is over. Is it just me or are the leasders faltering? Don't believe me, look at dell, orcl, msft ( bearish double top forming) and many others.

Just my opinion. Good luck.
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