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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jan Robert Wolansky who wrote (5018)	1/20/1998 10:55:00 PM
From: Chris	Respond to of 42787

will look at TMN and sonki's PSFT in an hour.. need to do some studying..

To: Jan Robert Wolansky who wrote (5018)	1/27/1998 10:08:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

post 5018 reponse: <<Chris, take a look at TMN--it's gearing up to blow through its 50 dma (I bought today at 5 3/16). Avg vol of 35000 shares.>> hi jan, yeah, im responding to your request a week late.. <g> let's analyze what happened. let's look where TMN was on 1/20/98 some couple things: 1) Using my system/rules, i noticed that i got a WEEKLY sell signal on 1/2/98.. my previous buy signal for WEEKLY was 7/25/97.. yes, that is a long signal.. but look at TMN rise from 3.5 to 6.0 in 4 months.. Those are the rallies i want to get in... Those are the rallies i love.. the risk is low that the stock will go against you, b/c you know the overall big trend is up.. and your returns are so much higher.. well, what happened to the 50 ma around 1/20/98? My feeling is that without the weekly buy signal (which was ended on 1/2/98), TMN will have a hard time to go anywhere. as i review the chart, it's still below the 50 day ma.. but it has shown great strength.. I see you bought at 5 3/16, so you are at a slight profit right now.. my strategy for you is : "you know where the 50 day ma is.,.. and you're probably hitting it. you have a profit... sell limit it right at the top and then go do a buy stop above the 50 ma to catch any breakout.." my worry for TMN, is IF TMN fails to break 50 day ma on this attack (which i think it will), how far will it go down? we have 200 ma at 4.3 good support at 4.9 also.. my cause of worry is b/c my weekly signal is SELL, so the risk of TMN going down is higher.. we are basically fighting for the 1/8.. we are fighting for TMN to go above the 50 ma... well, we are probably right under it right now.. so, why fight for the breakout when you can sell right under it and buy stop above it.. just my thoughts.. share me yours.. indicator view: since i know you use the stochrsi triplets. notice right now how the stochrsi triplets are lined up.. all 3 (the 8,5 and 14 and 34,13) are STAGGERED, where the 8,5 and 34,13 are complete opposites of each other.. that knid of setup means the short-term is up (8,5 rising), but there is no "ooomph" behind the short-term move b/c the 34,13 is down below the other side below 40 the above stochrsi setup is a relative sense.. that pattern is NOT 100% reliable.. thus my reliance on the weekly charts more heavily to see if there is oomph in the short-term rally.. reading the stochrsi triplets is very tricky at times..