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Technology Stocks : SMTI: SMTEK International, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Bwe who wrote (20)	8/11/2001 8:20:50 AM
From: chartseer	Read Replies (3) \| Respond to of 420

PEP: I don't think so but I could very well be wrong. I have changed my whole prospective on PnF charts. I look for familiar trading patterns for sure short moves instead of long investment type patterns. Mainly I play sideways movements rather than break outs. Therefore in PEP I see a trading range of 42 to 46 presently with a downward bias. Chart is in a column of Os, Broke the main BSL, descending tops ( July top lower than the Feb top which is lower than the Dec top) and descending lows in what looks like a classic topping pattern. Momentum alert to negative. Food and Beverage sector chart doesn't impress me either. IF I had to play this stock I would short any rally looking for an eventual retest of 41 with a buy stop at 48. SBC: Presently long 3 trading units. stockcharts.com Right patterns and sector. One of my favorite type of chart patterns for a longer trade until I see a bearish type pattern. DWA from the analyst yesterday and the one before that for sector. Months ago every single talking head on CNBC seemed to recommended SBC. Supposedly making all the right moves in Tele-communications field. Wireless, cable, etc etc. Should be a cake walk. Then again what the heck do I know? I'm still just learning how to play this game, Steve