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Strategies & Market Trends : Investing during a Bear Market -- Ignore unavailable to you. Want to Upgrade?

To: Vol who wrote (142)	11/11/1997 11:22:00 PM
From: Joan Osland Graffius	Respond to of 226

Volunteer, A couple of things Stan's book points out is, don't short a stock unless it is below its 30 week moving average and the RS is going down relative to the market. I have not looked at AOL, DELL and YHOO to see if this is true for them. I looked at CAT this evening and it has broke down big time. RS is declining, trading below the 30 week moving average..everything is in place for a decline. Merrill Lynch is touting the stock and I went out the ML on-line and looked at their write up. They are CAT's investment banker so they are not exactly unbiased. I admit I have shorted stocks that do not meet Stan's criteria sometimes one gets lucky and sometimes not. I always put a stop in where the chart looks like it could break out and keep moving the stop down as the stock goes down like he talks about. I bought his book right after it came out and have used it as a reference book ever since. Joan