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

To: E Newman who wrote (20208)	8/5/1998 3:03:00 AM
From: Doug R	Read Replies (1) \| Respond to of 79243

E-man Actually, VCR, ACRT, GMGC, MSTG, MAPS, MRS (gapped up and closed on the high) and KLOC all performed quite well today on a close to close basis. Jim Strauss was simply amazing on his call for TRBD. Myself, I was monitoring the Dow and the 30 yr. bond in relation to CMB and picked up a modest gain day trading CMB. My only mistake with it was that when I sold after each bounce up, I didn't turn a full 360 degrees by going short. Even so, with leverage I was able to pocket 7% on the long side with a stock that was tanking. I had a great time. I was on instant message with a trader from New York (or so he says) and I was able to nail the low ask for us at 70 for the first trade. I exited at 71 1/4 and jumped back in at 70 5/8. I sold half at 71 3/8 and the other half at 71 1/2. Then the market caved in. I was stalking 70 5/8 for the next entry and the ask just knifed right through there. I decided at that point to plow into ACRT. Other noteworthys are TBCOA, VII, CADE, ELGT, GTNR (which seems to have deposited a false island top), MANU (which elicited a PGDCEB signal today), MSTR, MXIM (held the recent uptrend very nicely on earnings release), MYSW, ONPT, TLK, TWA (always a sure thing when it hits 6). These are all good ones to stalk on the long side. One possible short that stands out is WWW. Most of the other shorts are very overdone and after an initial 150 point drop in the Dow during the first 30 to 50 minutes tomorrow, a technical bounce to a close of + 130 to 180 will ensue...IMO. Therefore a rush to cover will start knocking the likes of stocks such as MYGN, MAM, MSX, MOR, etc. back up to a close well off their day's low. Well I guess it's time I typed at someone else for a while. See ya around E. BTW, have you met *21? Doug R