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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: DJRoss who wrote (85)	8/10/1998 11:11:00 AM
From: Jon Tara	Respond to of 7247

Consider ALK as a position trade, as well as a hedge against any oil holdings. It's acting very well today - bucking the market, along with the transport sector in general. It just had a strong crossover on the daily RSI. (I use a MACD of the RSI). It looks like it's been beaten-up enough. I'm looking for a gain of several points over the next few days. I like SUNW and AAPL as well, both for similar reasons - they are performing well today. But they are somewhat correlated with the market - ALK is just absolutely ignoring it this morning.