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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (23553)	10/18/1999 8:55:00 PM
From: Dave Shares	Respond to of 43080

I'm holding one position right now for myself - CASH. Sold QQQ puts bought last week as CPI might have rallied the market if tame. I wish DELL had waited another day to warn, as I would assume a good CPI will be offset by weakness from DELL warning in NDX, I was looking to short a rally as NDX broke key Point and Figure support today but nevertheless has room to rally before heading lower. It will be interesting to see what kind of forward guidance we get from MSFT when their earnings are announced after the close tomorrow. The MSFT P&F chart does not look very good right now, and I would not be surprised if there are some cautious comments made with earnings. In response to a post from John Kim, I ran a search at the Point and Figure site I use based on a stock database I keep of companies with good fundamentals, based on Investors Business Daily and Value Line. The following tickers in that database have shown good relative strength and are still above their P&F support lines. I have not looked at these for other technicals, and I am not suggesting that this is the best time to buy these, but I would think they would perform well in an improving market: ADPT 37 5/8 ADTN 38 3/16 AMGN 80 9/16 APPB 32 11/16 CLEC 25 3/16 DTG 19 7/16 JMED 28 7/8 PDS 21 1/8 RADS 17 1/2 SFA 48 3/8 WJCO 30 5/16 David