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

To: Broken_Clock who wrote (444)	1/8/1998 8:21:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 18691

dlucas, I have upward trendline on AOL pegged at 87.50....A violation by 3% of this line at the close(not intraday)would confirm breakdown, namely 84.87....If this level was reached I would short either on a retracement to trendline, or on falling momentum from the 85.00 level....Target would be around 75.00 on downside...At present, I would stand aside, since trendline is still intact....However, you have a point about the potential double top and the rounded nature of the stock at present...You could go in early, and set a buy stop at 93.00 and take your chances to gain a few extra points....Take care, and nice read....Mark P.S. I entered ATLI today for a similar reason...(rounded double top)