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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (20660)	3/18/2002 5:46:29 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 23786

I tried to short SNE and got rejected. This was through MER, who rarely isn't able to find shares to short for me.

To: John Pitera who wrote (20660)	3/19/2002 4:14:05 AM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 23786

Hi John, If you recall, back on February 9, I was calling the pattern for crude as bullish. thecapitalmarkets.com Here I called for $25. thecapitalmarkets.com And here we are at $25 and at the bearish resistance line. with nothing looking toppy at all here. I would expect some selling here, maybe a buck or two. But if we go through that BRL, I would expect even higher prices for crude. stockcharts.com So, at the same time, the DJTA has been partying like a big dog all the way up to 3050 stockcharts.com the DJTA is looking mighty extended and the Bullish percentage for transportation is at 95%....this is extremely overbought. stockcharts.com I think that the DJTA will get one more push to 3000, but with the BPs this high, it should just peter out. So, I like transportation stocks to short. Using www.stockcharts.com stock scan, I looked for stocks with RSIs above 70. Found a couple that had nice rounding tops and look pretty extended. On the P&F charts, UNP and JBHT are looking very toppy. stockcharts.com stockcharts.com I also like LSTR and FLA on the short side.