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To: Shelia Jones who wrote (1290)	7/23/1998 5:35:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

Intraday chart case study on FGII: wysiwyg://87/http://www.iqc.com/chart/default.asp?period=180&time=15m&chart=candle&chart1=bb&volume=y&stochastics=y&symbol=fgii Since I am very comfortable trading FGII lately let me share something with you. First you open the above link and see what stand out as extraordinary. Now, (scroll down) . . . . . . . . . . . . . . . . . . Surprise! The heaviest price swing always take place in the first half hour of each day. In most instances, it was a gap up or spike up followed by rapid fades. Interesting? Well, I think this simple recognization can be an advantage for quick trades. Now today FGII has been compressed whole day between 22.5 and 23. If sentiment is no good tomorrow morning, I can see FGII opened at 22. If sentiment is good, I can see FGII open at 23 and if the whole sector moves positively after that then a buy stop above 23 after open would be good. Tomorrow is going to be more difficult to call though since there was no trend going into the close today.

To: Shelia Jones who wrote (1290)	7/23/1998 6:03:00 PM
From: Lucretius	Respond to of 14427

sorry looks like I was a few days off (G) You'll still have a chance to initiate shorts. This isn't the "big one". That'll come in Oct. I expect us to work our way down to 7500 in Aug then bounce a little in Sept, only to get ROYALLY SPANKED! in Oct. I was kinda hoping for one more specualtive run to really cap this bull off, but it doesn't look like we're going to get it. We saw some serious selling today. Can you say: "BLOW OFF TOP"? (G) I added G to the put list. Covered my TXI short. Hope ya'll got in on that one. It was a BEAUTY! -Lucretius