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

To: vegetarian who wrote (682)	1/14/1998 12:21:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 18691

M.carter, just took real quick look at COMS...I see two patterns.. 1)Head and Shoulder top...60 by 45...Target 30.00 2)Rounded Double top....40 by 30....Target of 20.00 Would short in the 29.06 area on confirmation of takeout of neckline at 30.00, set protective buy stop at 30.50.... Or Would short on strength in the 35.00 area....Actually if you plug in your fast stocastic 9 day, and watch for it to move over 80, it will tell you when it is overbought....As of yesterday fast stochastic had a reading of 45..... Do not disagree with your potential descending triangle...But if you use that pattern your resistance would be pegged a bit higher...Good luck....Mark P.S. A chartist could argue a rectangle pattern too from 37.50 to 30.00 if you are just looking at the past few months....