To: John J H Kim who wrote (5045 ) 1/29/1998 11:29:00 PM From: LastShadow Read Replies (4) | Respond to of 120523
Watch List 1/30: SYMBOL CLOSE CHANGE CHANGE % AAM 12.750 0.750 6.25% ACCL 4.500 0.562 14.29% ADVH 17.875 0.187 1.06% BORL 8.000 0.781 10.82% FGII 28.062 2.125 8.19% FTPS 2.000 0.062 3.23% IOM 8.687 0.562 6.92% MDYN 11.687 1.000 9.36% RAYS 7.125 0.062 0.88% SFA 16.000 0.562 3.64% SMMT 13.750 3.250 30.95% TEAM 10.187 0.562 5.84% TOT/AVG 8.45% At a 31% jump SMMT may be overextended and correct in the morning. Still Long/Bullish on: PWAV 13.937 1.750 14.36% ORCL 22.344 1.156 5.46% AMMB 29.250 1.375 4.93% IIT 15.687 0.500 3.29% AMD 19.750 0.562 2.93% PD 66.937 1.687 2.59% SGI 14.750 0.312 2.16% GM 60.125 0.875 1.48% CPQ 30.125 0.375 1.26% GE 77.125 0.875 1.15% BGEN 41.500 0.375 0.91% TOT/AVG 3.68% A long list with a lot of strength in some of them. Dow hit a new high and looks to continue tomorrow. I ran a Fibonacci Retracement and periodicity cycles on the DJIA, S&P500, NAS and DJ Utilities tonight. The cycles seem to be tightening by about a day each swing, and the new highs are outstripping the new lows by an uncomfortable margin. Either the Dow will break 8000 in a month or we will be out on the street holding signs reading "Will Trade for Food". Analysts and 'experts' seem to lining up on both sides of that forecast now. I was hoping to see some more small cap action in January, but that just isnt happening. I suspect he new NASDAQ delisting guidleines are heavily affecting that, though. I won't post when I think stocks are peaking, as three errors in a row shouted at me. I believe the problem is that I when I made all the net changes for entry points I didn't make enough corrections on the exit side (actually I overcompensated for leveling). I will fix that, but until then, if I say it looks like possible exit time, that will come solely from TA and experience. I printed out my trade summaries for all my accounts for last year. For whatever its worth, I had a 294 entries and exits (147 plays). I averaged better than 5%/trade, including costs. That is a record number of trades for me, and I will probably back off this year somewhat... unless I give up the day job. My goal this year is 7% per trade. We'll see... lastshadow