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

To: Jay Quinty who wrote (837)	1/16/1998 5:15:00 PM
From: McNabb Brothers	Respond to of 18691

Jay, That is exactly how we see INTC's chart! If I may get your take on the AOL chart I would appreciate you and Mark's opinion on what you are seeing! We like candle stick charting and hoping the near "Doji" today may signal a turn down in the stock! "Doji" meaning where a stock opens and trades higher and lower during the day and then closes where it opened making a new high as in the case with AOL! Or could work right the opposite on a stock making a new low! Hank

To: Jay Quinty who wrote (837)	1/16/1998 10:31:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 18691

Jay, INTC has a double left shoulder, a glorious head, and is now finishing up the second right shoulder....Neckline is pegged at 70.00...I am watching this one, because if she tanks under 70.00, I am going to make a lot of money on my 16 open short positions...I am prepared for battle...Looking for 7000 on the Dow within the next 30 days...Some may think I am crazy not trading in and out of my shorts, but I am anticipating a big drop, when it won't be easy to borrow shares, and I want to be in control of that situation so I can cover methodically while everyone else is in a tizzy.....Cover points on INTC are 67.50 and 60.00 for starters....Regards, Mark P.S. The end of next week should be interesting...