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To: Skycat who wrote (16180)	1/3/2001 12:19:10 PM
From: Jeff	Respond to of 19297

my OPTO i bought friday at .65 had a sar hit yesterday near .80...... since it ran off the hit.....you can't count the pattern......but it could run from 1 to 5 days....or die at any moment.....roll first overhead resistance is at the 1.50 to 1.75 area..... JUST REMEMBER...... all these cheapo's from last week......the longer they stay down.....the closer the SAR comes to the price.....and that means there will be many easy " tight" sar hit play coming in the weeks ahead...... remember.....far off sar hits normally go into the 3-5-8 pattern... but tight sar hits can run for days after the hit..... and next week.....JAN 11 should be a big turning point day......it may start an uptrend......and if it does......there will be sar hit plays all over the place...... the nasdaq made a new low today......so we are in unchartered waters here......so the only way to play it safe are with sar hits...... anything under the sar has no bottom!!!!! but when a sar is hit.....at least you will have some idea to trade off of.......

To: Skycat who wrote (16180)	1/3/2001 12:54:50 PM
From: Jeff	Respond to of 19297

remember this post.....MANU is 35 today...... Message 15093714 very important to learn double tops and head and shoulder patterns......it all boils down to support and resistance.... if support area's break.....you short......if a stock breaks resistance.....you go long.....if a stock bumps up against resistance.....you look back at a longer term chart and try to see if its a DT or H&S.....if it is.....you have a no-brainer short...... just like day 5 on a sar count.....very likely short opp.

To: Skycat who wrote (16180)	1/3/2001 1:07:00 PM
From: Jeff	Read Replies (1) \| Respond to of 19297

just like on the 1-day nasdaq chart....... you see the downtrend.....you draw a line through the tops....starting at 2350.....hit each top with the line..... you would see that at 2290......the nasdaq broke above that line......it broke resistance...and the trend changed to up..... now that line is support.....if it breaks it.....the market will tank again..... and now you have to start a line from the bottom at 2265...to the next bottom.....and as long as it doesn't break below that line.....the price can just keep moving up along it......