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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Instock who wrote (6601)	10/29/1997 9:02:00 AM
From: Ocote	Read Replies (1) \| Respond to of 79273

Thanks, IN I found Doug's advice about looking for the new winners emerging from the correction in the first few days extremely enlightening. I am still holding strong on the strongest POW's and also-rans such as RECY, LUNN,PCTH, SRSL. I bailed on CADE, MTON(hey, I'm still new, I'm entitiled to a few blunders). As the one on this thread who tries to promote the short side a bit, I still see downside potential for LCOS. It may have found support at the 200 MA but hasn't broken the short term downtrending resistance. All mid and long term SMI's downward resistance remains unbroken. In one of my only well planned moves yesterday, covered LCOS at 20 1/2 and reshorted at 26-1/2. I'm no daytrader though, got the 26 1/2 only through luck on a stop loss order while working. Getting excited to see what the new POW will do! Ocote