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

To: Michael L. who wrote (9370)	12/17/1997 1:54:00 PM
From: Esteban	Respond to of 79450

Michael, Re: Oracle. I've been studying the action in PGDCEB candidates prior to the signal day. Remember there is no guarantee that a lower low will ever happen, in which case there never will be a signal. What I've found so far is that it is profitable to short after a corrective upbounce trendline is broken, but the reliability is not high. It's important to put a stop just above the top of the bounce high. Be aware that some of these big losers end up never looking back, and they have a long way to go up if the perception about the company changes. There is always the danger of analyst upgrades based on low price alone. Until or unless I find a more reliable trigger to play the further downside, I'm content to wait for the signal, and play the upside. The key is to build up enough candidates so that signals are more abundant, IMO. I am intrigued by playing signals long while playing pre signal candidates short, however. This puts one on both sides of the market, a nice market risk reducing factor. Still studying, Esteban

To: Michael L. who wrote (9370)	12/17/1997 2:02:00 PM
From: Doug R	Read Replies (2) \| Respond to of 79450

Michael, ORCL is a "safe" short until the PGDCEB signal day. The fact that the price is above 20 would lead me to believe that 20 will be pretty strong support so even though it's safe, it may not be very profitable. For AMVC, go back to the chart and draw the trendlines, (or use the one from the seminar package) and you'll see it's just about right on support with another uptrending support line not far behind. You'll also remember from looking at the MIMBO charts that patience is the key when buying a MIMBO. I'd like to see more volume here too but I'm not worried about it. Doug R