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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Venditâ„¢ who wrote (16525)11/24/2000 6:39:39 PM
From: Walkingshadow  Read Replies (1) | Respond to of 19374
 
Hi Reid,

I hope you had a good Thanksgiving.

Here's a couple of charts I found that are still in uptrends, and near their 52 week highs, showing buy signals:

askresearch.com

The 5-3-3 stochastic shows a crossover at an oversold level, but not the 15-5-5 stochastic as yet. Depite the technical (though still very early) buy signals, CERN's failed test of overhead last week concerns me, as does the volume on the selloff last week. I'm inclined to just watch this one for now. Your thoughts?

Here's another, which looks better to me:

askresearch.com

Most stocks that were up substantially today I'll be watching for a short entry point, particularly those Nasdaq stocks which still have P/Es which are excessive compared to their peers, and relatively overbought. I like to see a correction back up to declining moving averages (i.e., resistance), then look for technical sell signals before I enter a short position. Stocks fitting that bill have been very hard to find of late. I'm very hesitant to enter any long positions at the moment, but I also don't like the fact that my portfolio is almost entirely puts and shorts, and would like another long or two to balance things out a bit, and hedge my bearish position.

Let me know what you think.

TIA,

Terry



To: Venditâ„¢ who wrote (16525)11/24/2000 11:08:13 PM
From: brk  Read Replies (1) | Respond to of 19374
 
You must be omniscient Ried....I've been eating sh*t on PPRO since the mid 20's and was extremely happy to see the fat white candle that formed today. <gg>