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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (37048)	12/2/2000 5:46:37 PM
From: eddieww	Read Replies (1) \| Respond to of 42787

JRI: I haven't held a long position overnight since August, and no shorts overnight since a few days after the election. Of the stocks you mentioned, I have been trading IWOV intraday, using stochastics and ma xovers on 15-30 min. charts. (see Befriend the Trend thread for the simple methodology). I hate daytrading because I'm very cautious by nature, but the slightest bit of after-hours news can wipe out several days of gains. Sometimes sitting in cash is the best policy, and certainly more serene.

To: JRI who wrote (37048)	12/2/2000 6:25:18 PM
From: Walkingshadow	Read Replies (2) \| Respond to of 42787

JRI, << Waiting for the capitulation...trying to make some cash in the meantime.. >> You and I are on the same wavelength there. I'm also looking mostly for shorts, and reluctant to hold overnight too many positions. VRTS: I'm a little disturbed by Friday's candle, and the volume on the last two trading days: askresearch.com VRTS had started a nice, orderly sawtooth downtrend, forming two lower highs and three lower lows since the topping formation broke down the week of November 6. But, Friday's candle successfully tested previously established resistance at the last peak, at about 108. Technicals show nothing but buy signals, though the intraday suggests technical weakening: askresearch.com IMHO, this one is a watch, unless and until it trades below 101 1/2, on good volume. If it does so, I think you will see clear deterioration in the chart/technicals. SEBL: Probably a good short, with a conservative entry if it trades below 71. Best case scenario would be if the stock gapped up on Monday, ran hard out of the gate for 5 or 10 minutes, then began to sell off hard. As soon as technical sell signals appeared, that would be the entry IMHO, with a stop above the HOD. askresearch.com askresearch.com IWOV: The best short of the three, IMHO. Very bearish candle formed on Friday, strongly suggesting downside reversal despite the technical buy signals: askresearch.com askresearch.com JMVHO, as always.......... Walkingshadow