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

To: TATRADER who wrote (1246)1/23/1998 12:48:00 AM
From: freelyhovering  Read Replies (1) | Respond to of 18691
 
Mark--Its easy to be brilliant when one has a great coach. As for ORTL, I see very little to redeem it as a buy candidate. The symmetrical thing for it to do would be to go down a couple more points. Is the volume of the exhaustion type? It could bounce some as it is sitting at the bottom of its 30X20 channel. No good technicals though. Did I pass the test? BTW, I was looking at the 13/8/8 stochastics on many of the oil service stocks including UTI, and they all have basing formations that could support rises in price. Are you a follower of this indicator and if so, what say you about RON,WII, KEG, CDG, UTI, SLB, ETCCC....Myron



To: TATRADER who wrote (1246)1/23/1998 2:37:00 AM
From: Dale Baker  Read Replies (4) | Respond to of 18691
 
Mark, I'm short AFCI from 31 based on its chart the past few months. Take a look when you can and let me know if 26 seems like a reasonable target to cover. AFCI has a very consistent trading range, barring any news.

On the long side, you may want to look at ATLPA. Broke its recent trading range with next resistance at 14 - 15.


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