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


To: Doug R who wrote (20595)8/24/1998 4:10:00 AM
From: Doug R  Read Replies (2) | Respond to of 79243
 
This week's volumewatch list.
Database again slightly larger. Almost all long entries turned out to be technical bounce candidates. They should be treated as such. Not much in the way of sustainability seen, There are still a few "damn the torpedos" type stocks running around. Some are on this list:

ABTE.....ABTX.....ACRI.....ACRT.....AEOS
ALPH.....ALRS.....ALTN.....AMEN.....AMSO
AMTC.....AMVC.....ANLT.....AQM.....ASHW
ATSI.....AWFN.....BJCT.....BSMT.....CADE
CCIL.....CGPI.....DATC.....EGPT.....FCSE
FTIC.....GMGC.....HLP.....HOTT.....HPSC
INSUA.....IRWN.....MACR.....MAIN.....MCRE (not again!!)
MDCD.....MDWY.....MHO.....MJK.....MN
MNMD (pick yer price).....MNRO.....MOGN
MRGE.....MRKR.....MSC.....MSGI.....MSPG
MSTR.....MTEC.....MTON.....MUEI.....OAKT
ODSI.....OGE.....OGLE.....ONPR.....ONPT
OXHP.....RECY.....SMOD.....TAVA.....TWA
URGI.....VVUS

Almost all of the above have great 2 day potential. After that, all bets are off.

Now for the list of short sell candidates:
AMTD.....AMTR.....ANIK.....DAN.....DELL
ELIX.....GKSRA.....HLIT.....MAGR.....MAM
MICTF.....MIR.....MK.....MMC.....MPAA
MPR.....MRE.....MRVT.....MSX.....MTH
MYE.....NEON.....OCN.....OCQ.....ODFL.....WWW

Pick your spots wisely.

Ocote, have you been able to remain predominantly short since late March/early April?

Doug R