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To: Robert Rose who wrote (84004)11/12/1999 11:30:00 AM
From: Danny  Read Replies (1) | Respond to of 164684
 
Rob, for this particular trade. I did not reply on TA that
much. I've found it very difficult to trade on TA on
high volatile issues like CMRC.

The reason I short CMRC is actually pretty simple: Both
stock and the market are extremely overbought in short
term, and 350 mark is usually a phsychological point to
corss.If u remember, i was actually going to short it at
340, but hold on and shorted it the next day at 330.

But TA is useful for med-term positions. The ones I watch
a lot are 50/200 dma, MACD, stochastic, and of course, the
traditional support/resist theory.