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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TradeOfTheDay who wrote (1336)	7/1/1998 11:20:00 PM
From: drakes353	Respond to of 2506

Bev: I know you're not big on TA - You're talking to a former card carrying affiliate member of the Market Technicians Association. Even completed my CMT Level I. Thought too much of it was garbage so I dropped out. but when I see a substantial drop - and the price is already below the 70 DEMA - and see it continue to drop on heavy volume, I'm in - and find out the details later. I often screen for low RS stocks which is kinda kissin' cousins with what you're doing. Must confess that the first thing I do when I'm considering taking a position in a stock is pull up a chart. I keep it simple though no EMAs, no stochastics, no %R, no MACD, just look for near term support and resistance levels. Sounds like this is working for you, keep me posted. drakes353