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

To: TATRADER who wrote (829)1/16/1998 3:18:00 PM
From: Ploni  Read Replies (2) | Respond to of 18691
 
Mark,

I'll give this TA a try. Please don't laugh if I say something dumb.

Does ITWO look like a triple top at 56? It hasn't pulled back yet, but if/when it does, I see resistance at 41.

Also, SEBL seems to be at another top (45) of a falling wedge (or descending channel, whatever it's called), with a bottom drawn at 28.

Have a good weekend.



To: TATRADER who wrote (829)1/16/1998 4:37:00 PM
From: Ceez  Read Replies (1) | Respond to of 18691
 
Hi Mark,

Are you still holding BFIT??? Today was the second day that it has been trading mostly between 19 7/8 and 20. What's your outlook on it??? Will BFIT drop next week?? How low??.......Later,



To: TATRADER who wrote (829)1/16/1998 5:04:00 PM
From: Jay Quinty  Read Replies (2) | Respond to of 18691
 
Mark,

Look at the INTC hourly chart. Looks like a nice descending triangle. I think they held it at 75 to flush the options, since this is the level at which most of them expire worthless. If it breaks below 74.25, I think she'll go to 70 minimum. Looking at the daily chart, any close below 70 is curtains as well.

What's your take?

Jay


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