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

To: C. K. Humphries who wrote (610)	1/12/1998 4:16:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 18691

Kent, take a look at the stock ATLI on a chart to see a double top forming....Very simply it is two attempts to make a high, and then the stock fizzles...A key is to look at oscillators to determine whether the second top is really a top or not...If you have an relative strength oscillator in your software trading program, run it on ATLI....You will notice the second top of the oscillator compared to the price chart of ATLI is not as high as the first....That tells me, that buying power is weakening..IMHO, ATLI will tank within the next few weeks...Initial target would be 40.00, but I see it going much lower, that is why I am hanging around...Regards, Mark P.S. If you draw a trendline on ATLI, you will observe that the upward trendline was violated at 47.50...A 3% violation of a trendline on a close is sweet music to the technical trader...It tells me more downside ahead....