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

To: Magnatizer who wrote (1032)	10/8/1998 8:12:00 PM
From: LastShadow	Respond to of 43080

Watch list: Get this, the TA screens just finished and the following are still showing up: IIT 7.75 KO 64.50 USW 54.875 PFP 5.375 PEP 33.625 PCG 34.812 COTTF 5.50 PCG's volume was still 1350% above 50 day MA I spoke with a guy at work today who bought NEM and 18.5 and is still planning on holding, but although all the technicals are there, its looking pretty opverbought stochastically. On the other hand, the gold miners are popular with the threat of global meltdown, so it could keep going for awhile. The only problem is that the major Gold Buyers (asian and middle eastern) don't have a strong enough currency situation to make it viable for them to BUY a lot of gold bullion. So this is saying the mining companies are going great, but the product demand isn't there yet - could be worth a decent short in a few weeks. lastshadow