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

To: Ploni who wrote (830)	1/16/1998 3:27:00 PM
From: Dale Baker	Read Replies (2) \| Respond to of 18691

SEBL and ITWO both report earnings next week. I'd hold off until then unless you feel lucky or you know the company very well. They both move in LARGE swings when they move, up and down.

To: Ploni who wrote (830)	1/16/1998 10:54:00 PM
From: TATRADER	Read Replies (2) \| Respond to of 18691

Charles, I don't have ITWO on my data base, but in regards to SEBL, you do not have a wedge...A bearish wedge is an upward slanted symmetrical triangle in a downtrending market...The trend on SEBL presently is up...Use your +D1 vs. -D1 indicator to determine this...+D1 is greater so the trend is positive...In this stock, SEBL,you have a flag pole formation from 32.50 to 42.00...It looks to me like an ascending flag from the 42.00 area...A flag should go down, to display a pause in the move before it continues upward...When you have an ascending flag, it smacks of distribution...I would have bailed on this one today... i anticipate that it will pull back very soon to the 42.00 support area...Let me know if I was right....Regards, Mark P.S. A pennant formation also has a flag pole, but the pattern looks like a symmetrical triangle....SEBL looked more like a slanted rectangle to me than a triangle...Sometimes this one is tough to call, but both pennant and flag give same message... P.S.S. If SEBL would have been trending downward, I could have seen a bearish upward wedge....