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To: Peter V who wrote (1882)8/18/1998 3:53:00 PM
From: virgil vancleave  Respond to of 14427
 
i am now short lcos. sctr still looks ok for short side but I expected it to pull back a little since it found some support at it's 200 day moving average. i will look to reshort above 30 if my funds allow.

lcos also showed up on my shorting system and has rebounded from it's 200 dma support area to right at it's 50 dma. should come back down from here for a nice gain for me. Looks to me like a nice little head and shoulder top. I shorted at 68 3/8.

Market still looking unimpressive to me. too many new lows and the a/d line still not very strong. The few are still trying to lead and the fundamentals for them just don't support their valuations going any higher. Hope i am right.

Good luck.