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

To: Ted Downs who wrote (1352)	1/23/1998 3:51:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 18691

Ted, you have a rectangle pattern from 60.00 to 52.50 on CSCO...Technically, I should have shorted as we neared 60 like other traders, but I was waiting for confirmation of momentum switching the other way....One of my favorite indicators on WOW5 Professional is the Fast Stochastic 8 day.....When we get above 80 on downtrending stocks, I take notice... Today CSCO broke below that level...I expect several down days to come as we near my initial target of 52.50....That will only be close to 5 points, but 5 points is 5 points....Regards, Mark P.S. If we break 7600 in the Dow, double that to 10 points....