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Strategies & Market Trends : Set the Controls For The Heart of the SUN -- Ignore unavailable to you. Want to Upgrade?

To: username who wrote (619)	2/8/1998 7:55:00 PM
From: peter n matzke	Read Replies (1) \| Respond to of 1156

Hi Pete: my signals are not in agreement with Dave's--his are probably correct and mine are probably wrong but TD still shows long on AOL. I often go my own way, so i have a box in place bought 105 call sold 110 call bought 100 put sold 95 put. a little price change up or down and i'll be okay.

To: username who wrote (619)	2/9/1998 1:17:00 PM
From: Dave H	Read Replies (2) \| Respond to of 1156

Pete, I don't have time to give a full sequential analysis (ie examine the historical success rates of past sequentials) but here's the most pertinent data: I've got COMS in the midst of a BUY sequential -- day #11 was Feb 6, 1998. (first setup day was 12/11/97) COMS has a good chance of completing this sequential. So far, the lowest low during the sequential was on jan 12 which had a low of 28.38. The high on that day was 30.25, so the most agressive TD stoploss would be 28.38 - (30.25 - 28.38) = 26.51 [on a closing basis, if possible]. Additionally, countdown day #8 of this sequential closed at 31 (on 1/23/98); DeMark says it is often good to wait for the last day of the countdown to close below day #8 to lessen the risk. AOL's not in a sequential right now, but it recently completed a SELL sequential on January 2, 1998 when it closed at 89.63. Seeing as this definitely was a "failed" sequential, AOL doesn't look like a safe short right now. Let me know if you would like a historical dump of any or all the sequentials these two have produced over the years... -dave