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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (13242)	8/28/1998 3:49:00 PM
From: virgil vancleave	Read Replies (3) \| Respond to of 18691

Check out the amzn chart. The guy that posted may have something here. Looks like a nice top formation, the infamous head and shoulders top. neckline appears to be around 100 to 110. This one is wild and volatile, but it appears the downside using that swing rule I use could be around 60. For those who want to learn more about the swing rule and charting formations, Stan weinsteins book is very good. And as crazy as it sounds, these formations really are pretty accurate. look at cmgi, which i now wish i would have took a position. Now look at lhsg. Not quite as well defined, but it still looks like a head and shoulder top with the neckline at 50 ish. Downside target using swingrule is just below 30 and chart shows distninctive trend now. pixr also looking like a good short here. But you ask how can it go down more since it ius already down a lot? look at some of the oil stocks. I keep myself from buying because I know what is weak usualyy gets weaker and continues in the trend. many more good shorts out there. But, I do have some good long prospects too. Won't post them since this is not the right thread for it. good luck