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

To: NewKit who wrote (708)	9/28/1998 11:15:00 AM
From: LastShadow	Read Replies (4) \| Respond to of 43080

DCLK and NSCP Yes, both have some resistance to punch through here, and I think DCLK is more likely to do it than NSCP, although I never discount that it might. With the strong internet open this morning and all the Gap situation, I expect we will be seeing the morning ceilings about now. If the market can find some continued strength, they should break through (therefore the gap plays), and if not then there will be a profit taking selloff for the afternoon. I don't recommend accumulating stocks for more than day trades on days like today, as there is almost always a better entry within two days. When a stock breaks out of the trendline to the upside with a gap, it will usually retrench (especially when it is a sector wide jump) back to the trendline base. That is the point to enter for a mid term hold. lastshadow