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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: shasta23 who wrote (15764)	4/28/1998 11:13:00 PM
From: Ocote	Read Replies (1) \| Respond to of 79384

Stefan (¨o talvez Esteban suena mejor en Espa¤ol?) If you're not accustomed to shorting, it won't hurt you to sit on cash and paper trade a few shorts this correction. Then put it to use the next time. That way you will be able to sleep and won't lose money. I wish I had done that in October, when the market seemed to zig when I thought it was zagging. My own feeling is that these spiking bubble stocks will be easier to short on the second spike than the first. I'd like to see the market do its first real rally in the downturn and see where the RSI 13 and ROC 13 lie, at a lower peak. The bubble stocks(XCIT,LCOS, MARG, SEVL etc) seem to be intent on starting a second spike already. I'm waiting for Doug to proofread some of the IL violators, and I expect him sometime after 2 am. Here's a couple of possible IL violators: BXG, CMGI Here's a couple that sure look like they violated something, but no IL line in sight: CSCC, ELNK, GNET. BTW: Blue Sky--nothing. Bis sp„ter / Ciao Ocote