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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (32379)	5/21/2001 2:28:31 PM
From: dlu	Respond to of 70213

Looking over the COMPX this weekend I got the impression that if we could break out of this trading range and take out 2250 we might not see heavy resistance until we approach the 2400-2490 gap area from back in mid February. My main concern is that stochastics are topping out on several of my favorites and I am selling here and there if they indicate too much selling pressure. COMPX stochastics are running very high right now... cause for some short term concern. IVAN gapped up on open. I am holding ORCH from $4... rumors of a buyout appear to be moving this one. I left $ on the table with MRVC unfortunately. I bought a bit of HYGS this morning. FYI, one oil drilling company I monitor is Varco <VRC>. The charts on it don't look too appealing right now however. SGMO, a biotech, looks to be breaking out of its base today on good volume... don't own it, know nothing about it, not a buyer... just thought I'd mention it in case anyone wants one to look at one in the biotech arena. Gaming stocks were showing strong signs of accumulation last week... looks like I missed the boat there.. several are exploding upward on continued good volume. One that I picked up recently on weakness is SYXI.. the stochastics are rebounding and the charts in general look appealing accumulation-wise. Another I bought back in March when I saw huge volume spike was VOCL, which has retraced quite a bit... sort of disappointing but I will hold on for a while longer. Those big volume spikes don't always work and this is an example of a trade I wish I hadn't made using this method. Let's see where we close today... dlu