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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: bobby is sleepless in seattle who wrote (1205)	1/8/2001 2:14:28 AM
From: debby	Read Replies (1) \| Respond to of 5732

I read an interesting article in the Asbury Park Press this weekend. It stated that a robot picked ten stocks at the beginning of 2000 and returned 68% for the year. It was by john dorfman who writes for bloomberg. The stocks had to have a market value of 500 million or more,stocks cannot have total debt greater than stockholders equity,then it picks stocks with the lowest price earnings ratios. In 1999 this robot system rose 40%. Robots choices for 2001 pacificare health systems,usg corp,american greetings corp, navistar international, vishay intertechnology,centex cinstruction products, delphi automotive systems, kemet corp, kulicke @ soffa industries, massey energy co. John dorfman says that this works cause it picks stocks totally out of favor. Maybe this is a good way to pick stocks. any feedback would be appreciated.

To: bobby is sleepless in seattle who wrote (1205)	1/8/2001 9:52:20 AM
From: Connor26	Read Replies (2) \| Respond to of 5732

bobby - no Susan and BEAS going down the drain - what is the next support number? (or pivot / congestion that it may hold at?) - thanks C26 GLW trying its best to hold up, but i don't think it will stay green

To: bobby is sleepless in seattle who wrote (1205)	1/8/2001 9:54:56 AM
From: janie	Read Replies (2) \| Respond to of 5732

PTEN UTI nice from Friday.. Message 15131623 DNR looking nice on the daily. Janie

To: bobby is sleepless in seattle who wrote (1205)	1/8/2001 10:10:43 PM
From: bobby is sleepless in seattle	Read Replies (2) \| Respond to of 5732

GLW... fundamentals appeared to have been accepted by the streets...so far. for the most part, mirrored the compx, but "felt" stronger for the day. i was somewhat concerned with GLW intraday dble top, but focused more on the compx after i saw channel trade was broken, waited for the lower low pattern to be broken, and this did not happen until 2300 was touched and magically lifted itself with a swift 100 point near move. anyway, from that point, glw began its ascent as most stocks followed. Pivots are great places to look for opportunity, but not all is cast in stone. Today may have been a reversal day coming off the low of a potential trading range for the major averages (compx). Nevertheless, even though i key in on pivot areas, I remain flexible to quickly defer to the stronger forces of the market and await an entry signal given by the major averages. In this particular case, 2300 was a target, and I hopped on board GLW several bars later on the long side. yes, we've had the fed cut, give us another for assurance, maybe a clearer picture...but the trend remains down. And if the weekly shows us moving down, the shorts will look to reassert themselves until proven wrong. So, 57 (based on jenna's chart) still stands as a stronger pivot and depending on the bigger picture and certainly timing, this could come into play, either direction. Swing trade?...depends on one's definition, as this could pertain to opening and closing the position in one day if targets are met for "wave" completion, maybe a percentage move, maybe based on point move. As far as GLW's target range, this depends on perspective. I certainly can see a move to 77-80 range where it will be decision time...as far as a safe entry for longing the trade....above 60...on the flipside, short at these levels on weakness....AND RIGHT NOW, because the weekly shows us in a downtrend, the logical choice would be to do just that, to look for short opps...until told otherwise. all depends on how we perceive, what our risk tolerance is, a preference to trade shoret or long... anyone care to add, pleez do so...