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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 (21063)	9/7/1998 12:49:00 PM
From: bruce-l	Read Replies (3) \| Respond to of 79438

Doug: Did a reverse (upsidedown, inverted) RSI trick scan and came up with same list as bdog plus a few more. bdog I didn't use "typical 56 pre req" scan. I do remember said scan back quite a while. I tried a second scan with different settings to try and get some possible hits for the next day or two. List is shown below, sorry for the length but I guess that just reinforces the bad market conditions we may be in. Oh I tried same scan for RSI trick and didn't get a hit. The only requirement I put in was an average volume of over 25,000 shares for the last month. I can see where you could be late on a few hits but right now I want to see if I'm doing this right. Doug with your vast and superior knowledge (sucking up to the master) could you critique my calls below to let me know if I'm in the ballpark or still outside the stadium. The stocks I have an asterisk buy am I correct in assuming these would be a sell (short) late Tuesday if they are down for the day? AAP * ABI * ACAS ADG bad break? ADP * AMCN ANLG to late? ATV * BZH not sure how to call CBD CEI CFS * CKE CMIC COGNF * DBT bad break? DRC EGG EMPI * FFPB FLH FMXI * FSLA Doug, stairstep from 10/96 to 10/97?, must of been some BAD news FSPT GAL HKID * IBIS * IGLC to late? IKN * IOM JMED * KNE KNL LBFC LM LOJN MCLL * METNF NTLI PBOC POT * PSI PTEK PXD * ROCM * RYG SAVLY SNTKY STAA STAR STRD SWLDY * TEAM * TELC TFR TMBR * TWTR * UCFC URSI USAD USNC VFSC VVR WEBB to late? WEBC WLK YELL *

To: Doug R who wrote (21063)	9/7/1998 2:07:00 PM
From: Cube	Read Replies (2) \| Respond to of 79438

Doug, Just heard some fundamental reasoning that backs up your TA on the overall market. Was wondering why Russia and Brazil should matter to us at all given the relatively small sizes of their economies. Russia equal to that of The Netherlands for example. The answer is that many US mutual funds were not only heavily invested in Russia and Brazil, but they were invested with a special type of margin that is reserved for institutions. That is 10 times margin leverage!, as opposed to the normal 2 times leverage. This dropped their net asset values so low after margin calls, it left them with zero cash for even a normal amount of redemptions. The only thing left for these pinheads, was to sell all their winners. This is going to leave a tremendous number of incredible companies selling dirt cheap when this is over. I think that if you and this thread can figure the best stocks to short right now, then switch back to the long side when the voodoo is at its optimum, we could be holding all 56 meetings on the beach in the Cayman Islands!!! I see this as an opportunity that may never come again in our lifetimes. Maybe then I could give up this aviation gig, and I might be able to try this whole drinking thing!! >>ggg<< Cube