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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (24471)	12/2/1999 8:17:00 AM
From: Logain Ablar	Respond to of 70384

Hi Harry: On the P&F indicators. 1) NYSE BP is @ 41 and still in a column of X's. This is the main indicator and indicates the long term trend is still bullish. 2) NYSE HI/LO is @ 25.6 and now in a column of O's (supply in command). Reversed last week. The first short term indicator to turn. 3) % of 10 is @ 41.5 and now in a colum of 0"s. The second short term indicator to turn. 4)Bullish % for Optionable stocks is @ 49.2. Still in column of X's (demand in control) but will print a new column if it hits 48. As the charts indicate and Jan pointed out (she's the expert on this not I) we've had a strong run and we may have a normal pullback but unless the #1 indicator changes not a major correction. We've been in a mode of just letting positions run but you may want to realize profits or set some stops for the near term. Tim

To: Johnny Canuck who wrote (24471)	12/2/1999 8:29:00 AM
From: Logain Ablar	Respond to of 70384

Hi Harry: My targets. We'll on MRVC I sold it once this year and didn't hold on so who know. Actually from a fundamental perspective I see this becoming a $100+ stock next year. They are in the right growth areas (optical, gig and terabyte ethernet, business to business on the net, in Europe and the Linux network switches, inroad in China). With a market value of $1B and other networkers (the new IPO's going for $6B+, I know overvalued and one should not value MRVC the same way, the others will come down in value ). Technically I haven't done a PO. On OBAS technically I have a PO of $32 (but will be happy with $28). The CSCO news 3 weeks ago solidified the company. They have good earnings now (11 cents last quarter, 13 estimate this quarter). On CCUR - the cable companies are slowly starting to roll out the digital interactive services and CCUR provides the video on demand technology to SFA and GIC. Once the trials turn into roll outs and they are announced the stock can move to high $20's. Its too early to do a PO. Its only forecast to earn 2 cents a share in 2000. Its the growth in two years thats the story. Remember though I played SIII for news and look where that is <gg>. Hey after yesterday at least I'm at break even. Tim