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To: GROUND ZERO™ who wrote (4378)12/25/1997 8:49:00 PM
From: Joe Steele  Read Replies (2) | Respond to of 42787
 
WRONG!!! How do you know tomorrow is going to be an up day. Even if it is, it will be a great opportunity to sell. I say sell if the market goes higher. In '98, we are going down.



To: GROUND ZERO™ who wrote (4378)12/25/1997 11:32:00 PM
From: Chris  Respond to of 42787
 
gz

yes, i wouldn't short this mkt just yet.. any bounce from supports would be a bloody loss for any shorts..

right now my indicators are looking negative (in the longer term sense), but will watch if the indicators starts to bottom..

mc clennan newsletter says dow stocks should rally after dec 29..
naz will not lead the rally it says..

we will see as well..

=========================================
Subject: Waiting for the big Kahuna

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To: GROUND ZERO (12241 )
From: William H Hueb Thursday, Dec 25 1997 5:35PM EST
Reply # of 12288

GZ,

I got another buy signal on VIX so it is 5% up from here AT LEAST!!! This is the second buy I have gotten recently... and that has happened before. And the market does go up at least 5% after 2 such signals... now I have never had 3 in a row...



To: GROUND ZERO™ who wrote (4378)12/25/1997 11:40:00 PM
From: Chris  Respond to of 42787
 
gz,

just to confirm, naz still has not broken the 200 day ma.. this is using the revised simple moving avg that debra orlow suggested.. which i think is valid..



To: GROUND ZERO™ who wrote (4378)12/25/1997 11:46:00 PM
From: Chris  Read Replies (1) | Respond to of 42787
 
gz

also notice the dow is getting close the 200 sma as well..

if you recall, i noted that once 50 day sma was broken. dow will retest 200 day sma...

well, we are close to that point..

if you take in account of mcclennan newsletter that is says dec 29 should be the bottom of dow... then it looks logical.. a bounce from 200 day sma..



To: GROUND ZERO™ who wrote (4378)12/25/1997 11:48:00 PM
From: Chris  Respond to of 42787
 
gz,

i would also watch the russell 2000.. chip charts showed russelll 2000 consolidating for awhile and close to hitting support..

small caps may rally a bit (short-term view)

edit: just checked indicators for russell 2000.. yes.. bottoming signals seen in indicators for russefll 2000...



To: GROUND ZERO™ who wrote (4378)12/26/1997 12:03:00 AM
From: Chris  Respond to of 42787
 
good stuff:

Subject: The Rational Analyst

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To: milesofstyles (34 )
From: dave horne Monday, Dec 15 1997 11:23PM EST
Reply # of 108

[Rainier's 14]Miles'o: Certainly. It is post #5395 on the "Charts for Quick Cash $$$" thread, reprinted below:

To: +Ray Cunningham (5385 )
From: +Rainier Trinidad
Sunday, Dec 14 1997 11:17PM EST
Reply # of 5410

[ Fundamentals ] Ray,

I'm rubbing my hands with glee since this category falls along my strongest territory.
Characteristics I look for in longer term holdings, regardless of what market I am in:

1. Debt/equity ratio of less than 0.10
2. Current ratio >= 2.0
3. Price/sales ratio of <= 2.0
4. Price/book ratio of <= 2.5-ish
5. Met or exceeded analyst estimates in the past 7 quarters
6. Price/(Earnings Growth) of 0.5, ideally
7. Outstanding shares of 3.0 million or more
8. Short Interest: the higher the better, for the short squeeze
9. Beta: inconsequential
10. Institutional Holding: the lower the better, though the existence of some is
preferable to the non-existence--we want to know it's already partially discovered.
11. Earnings growth: steadily growing; inconsistent growth is undesirable.
12. Preferable to have a stock buyback program(but I know you can't scan for that)
13. Not in a weak/declining/troubled industry
14. Non-declining TA characteristics.

There's obviously things you can't scan for in the above criteria, but if anything pops
out, I'd be interested. Only about 1 stock like this comes out a month out of the plenty
I look for. And these usually are in the fallen angels category, with correspondingly
weak TA. The desirables of course are the good FA/TA stocks.

Ask me some more.

Regards,

Rainier



To: GROUND ZERO™ who wrote (4378)12/26/1997 12:27:00 AM
From: Chris  Respond to of 42787
 
in case everyone doesn't have the address to chips' charts:

coolhistory.com