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To: ftth who wrote (64)	2/7/1998 12:21:00 AM
From: ftth	Read Replies (1) \| Respond to of 237

[The "standout" chart pattern]: One setup which appears to have a high probability of upside at present is a stock which had a large run-up to late last year, corrected no more that about 2/3 of that gain, (but at least 25%) consolidated in an "orderly" manner, and breaks out (with volume) to the upside through the 50 SMA on a wide range day (in other words, it is beginning to form the right side of a potential cup pattern). This is the same situation that worked oh-so-well at the beginning of May 97, and in general tends to work well coming out of a correction. I'd like to work on a scan for this over the weekend, rather than just coming across them randomly. Here's a few examples: TKLC, AATT, JBIL, NICEY (although NICEY hesitated a little after clearing the 50MA, but not enough to get stopped out). Anyone interested? dh

To: ftth who wrote (64)	2/7/1998 11:52:00 PM
From: ftth	Read Replies (1) \| Respond to of 237

[TA QUOTE OF THE DAY] Richard Wyckoff, on timing: After you have a list of candidates, go with the stocks that should move soonest, farthest and fastest based on your technical analysis. You want immediate action for your money and it is bad practice to hold a position for many days or weeks without getting anything out of it. Wait until you see a real opportunity. One good commitment a year will make profits of many times the interest you could earn on your money for a few months outside the market. . .but one hasty trade can set you back an entire year's interest plus the shock to your confidence. Don't chase after the move that has escaped. Your judgment will be biased by your first error and chances are you won't act with a clear mind. Look around for the next opportunity. On the other hand, don't jump in too soon and tie up money waiting for a stock to move up or down. Wait for the period of consolidation to end and let other people play with the stock until then.