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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: johnsto1 who wrote (32263)	8/16/2000 8:15:29 PM
From: Mark Konrad	Read Replies (1) \| Respond to of 57584

VYYO...another new add today at 22 1/2. Chart looks oversold with support in 21-22 area. Could be a classic "Bonehead Fish" with both slow-moving stochastics and macd just beginning reversals from oversold levels. A strong upmove over the next day or two through 24 or so would also break the declining tops line from about 45. Would strongly consider exiting, though, on any down move near or through 20 at this time. Target is for 10-15 pts within about two weeks. Reasonable risk/reward ratio. ORCH continues its fall to/thru SP at 37 (about where it sits now). If this 37 area of support does not hold, I'm looking for 27 area to be tested. ORCH has a short term declining tops line from about 50 and its stoch and macd are not oversold enough for me to fish this one yet. PBSC fell through support and my sell stops at 22. This drop was especially significant as it broke an ascending bottoms line all the way back to May. Additionally, a close below 20 could easily send it down to next major support area of 16-18. LEXG is treading water but uptrend from support area of 24 (+ or - 2 pts) held well on first test. That, plus extremely oversold stoch and macd pursuaded me to fish at 25. LEXG needs to close firmly above 31 (higher would be even better) to break downtrend line from about 50 and confirm the short term bottom at 24. All in my opinion, of course....--MK--