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

To: Joe Smith who wrote (32652)	8/22/2000 10:50:52 PM
From: Mark Konrad	Respond to of 57584

WIND...gave a slammin' buy signal on my charts during the first week of August at about 27-28 (and I completely missed it). This coincided with a breakout through the declining tops line from mid-June at about 43. Now, slow-moving stochastics are in OB territory and are beginning to turn down...macd has not confirmed a short term top, though, and the new uptrend line is intact unless WIND breaks wind and falls below 33-34. Additional minor support is at about 30, major support at 27 and 18. There is congestion from 36-40 so this may be where it pauses for a while. A move to 40 would be very positive and 45, 55, and 65 are the next big milestones. If I owned it I'd take partial profits now and set sell stops for additional positions in the 33-34 range. I'm also long LEXG, ICGE (& CMGI for good measure), and FBCE. Currently have no position in ELON but am watching it very closely as the current price is approaching the apex of a HUGE wedge formation between the lows of late-Dec and the highs of mid-March. QCOM is extremely OS and approaching SP of 55; it may even retest the July intraday low of about 50. I'm ready to pounce on this one, too, being the "selective" bull that I am! 4 more letters for you...NBCI (don't laugh)...I'm already long from about 8 but will be continually adding more at these levels...think CNBC...think GE...think fall sports...think Olympics...and the chart looks to have bottomed, too. All in my opinion, of course. Thanks for keeping a sharp eye out for good buys, Joe. Regards, Mark