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To: kodiak_bull who wrote (95080)	1/11/2002 4:47:05 PM
From: Jane4IceCream	Read Replies (1) \| Respond to of 95453

Well, I go shopping and miss the great chance to snag some HOFF in the lower 6's for a daytrade! My recent buy of HOFF netted me - .12 on a stop <always use stops>. I agree with your analysis of a recent post today that the OSX has further to drop but there should be some kind of bounce soon. Like to add that I think the Enron disaster is playing a small part too but I wouldnt touch this sector now except for playing those intraday sharp drops for bounces. Kind of glad I left the market early today based on what I am reading now. Closed out all positions but made enough lira today for a nice new patio set! Jane

To: kodiak_bull who wrote (95080)	1/11/2002 7:07:44 PM
From: chowder	Read Replies (1) \| Respond to of 95453

KB, interesting comments on HOFF. My Uncle Fibonnaci told me there would be support at $6.40 and there was support at $6.40. Here's my post on said subject: Message 16865912 In working with candlesticks, it's the open and close which is significant, everything else is just sizzle. Today HOFF tested the 6.40 line and the MM's decided to go ahead and run the stops. Most people place their stops just under lines of support, so this helps to create patterns like today's hammer. stockcharts.com[h,a]daclyiay[pb20!b10!f][vc60][iut!Ub14!Ua12,26,9!Lh14,3!Lc5!Ll14!Lj[$spx]] Today's pattern indicates there may be a short term bounce. It may last a day or two, it may only last a few minutes, I don't know at this point. I'm not making an attempt here to make a case to buy or sell HOFF, (I don't own it), I am merely showing how to pick entry and exit points. Uncle Fib says next line of support is 6.01. Now I'm not going to tell a fib, but I think you may be right about HOFF trading lower than that. Fortunately, my system doesn't allow me to trade what I think, it tells me to trade what I see. I see a weak stock in HOFF! Anyone wishing to take an initial position should wait for the 10 dma to turn up. Buying stocks into a falling relative strength and a falling moving average is a "looses" game as Isopatch has found out fairly well. The object of the investing exercise is to buy stocks that are going to rise. You can't rise with falling indicators. Common sense dictates that one should be patient and surf with the waves. You don't surf towards the sea, you surf towards the shore, and the only way you can surf successfully is with the waves to your back. This 70 degree weather after our snow storm of last week has me thinking of sunny Southern California beaches. da-surfing-bum