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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Michael Berkel who wrote (301)1/7/1998 7:43:00 AM
From: TATRADER  Respond to of 18691
 
Michael, there is definitely a rounded top taking place at this point...I do see where he draws the line on the chart, and can't say that I disagree with him...It appears that we have a beautiful double top in the S and P....When investors get more than a slap on the wrist, they will start pulling out from stocks and putting some into cash....The breaking of that neckline should do the trick..The nervousness created will help us short traders continue to make a bundle...Finally, I have been finding Head and Shoulders Tops everywhere...Many are already played out, but some are still to be played....Regards, Mark