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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Stoxx who wrote (2050)10/22/1998 1:13:00 PM
From: KM  Read Replies (2) | Respond to of 39683
 
Hi Tom: Found your thread through a link on the Stock Attack thread. I see you got stopped out of NVLS. I've been shorting that for two days now, it's a vampire for sure, but you might be interested to know that when it hit 37 - 37.125, it triggered a bunch of sells and then fell back. Maybe that was the top. I saw similar action though on a much larger scale in SUNW Tuesday and it fell back sharply from there.



To: Dr. Stoxx who wrote (2050)10/22/1998 2:37:00 PM
From: MskiHntr  Read Replies (2) | Respond to of 39683
 
For those following COMS and NOVL both have broken out to the upside.

COMS cleared 32 3/8 yesterday and NOVL is taking out 13 1/8 today, good volume on both.

Long COMS @ 32 3/8
Long NOVL @ 13 1/16

Best, Joe



To: Dr. Stoxx who wrote (2050)10/22/1998 4:33:00 PM
From: Charger  Read Replies (3) | Respond to of 39683
 
OK, looked at your link for MER and where the 200MA and 40MA cross, but that is back in September. So maybe there is some secret in the words "mid-term", lol.

MER is just now touching its 200MA, which ought to act as resistance. the other line is the 40MA. When these two cross, it usually signals a mid-term reversal of direction.

What does "mid-term" mean in terms of time?

Thanks on the trend directive.



To: Dr. Stoxx who wrote (2050)10/23/1998 9:59:00 AM
From: Dr. Stoxx  Read Replies (3) | Respond to of 39683
 
To all on the thread,

I'm heading out of town today for a conference, and won't be back until the middle of next week. Have stop losses in place on KO, otherwise, I am all in cash.

Happy trading to all, TC.