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To: Henry D who wrote (1646)	9/26/2002 6:02:16 PM
From: Ray Rueb	Read Replies (1) \| Respond to of 1854

PDG currently in a HOLD SHORT pattern IMHO, too early to cover. Thanks for following up on this one, as it can be an interesting discussion. Look at the MACD portion of this chart: 139.142.147.218 The MACD SHORT signal was 3 days ago at 10.3 (2 MACD down days in a row after a crest following a rise from negative territory). Possibly you can see a SHORT signal a few days before that, but the one 3 days ago is clearer. The MACD short term COVER signal will be the first MACD up day. Hopefully this will be following a protracted slide into negative territory 6 or 8 trading days from now. I'm not talking about maximizing profit, just minimizing risk. In this case you shorted at a mid to late point on the up slope (who knows how high this could have run? Risky, risky) and covered at an early point on the down slope. You made a profit, that is good. During the same time period, most of my short positions slid 30%, not the 10% you struggled for. Again, in the most supportive way I can say this, make your life easier and short on the downslope. Please take the time to look at the correlation between these MACD charts and price movements. Add this tool to your war chest and "learn, then earn". Surf the waves, don't fight them. You all be careful out there Ray

To: Henry D who wrote (1646)	10/9/2002 6:04:58 PM
From: Ray Rueb	Read Replies (1) \| Respond to of 1854

PDG still in a HOLD SHORT pattern on MACD I'm just updating our earlier discussion, absolutely not rubbing anything in. I just think the MACD (UNDER CERTAIN CIRCUMSTANCES) can be a valuable trading tool. My MACD charts still say that PDG is a HOLD SHORT; i.e. no COVER signal in sight. Here is the current chart: 139.142.147.218 What to look for: SHORT signal: The 3 day downslide on the back end of a hump (positive territory) where the MACD is heading towards zero is a pretty safe place to short from. It doesn't maximize profits, but it does minimize risk. COVER signal to be ultra safe: the first day where the MACD finishes higher than the previous day. In between these two signals is a safe HOLD SHORT territory. COVER signal to be more risky but possibly higher rewards: wait for a rounding bottom like the leading bottom edge of a U. Frequently a stock will go on to reach lower lows a little later in the chart, but first will undergo some uptrend and you run the risk of a reversal. IMHO, the lowest risk to profit in shorting is the time between the SHORT signal and the second COVER signal described above. If you'll notice, PDG still hasn't even thrown the first COVER signal. You all be careful out there Ray