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

To: Judy who wrote (1781)	10/28/1998 8:23:00 PM
From: LastShadow	Read Replies (2) \| Respond to of 43080

Stock Responses: IMNX - thisone has been on an uptrend since 10/8, and looks to continue. The 5 minute chart shows some leveling action that would indicate a reversal potential, but a little further look back said it does this weekly, so hold until it drops. QCOM - this puppy has topped out at 56 in the past, so if it breaks through will be a great move. Selling action this afternoon said others doubt that. SYNT - This one has bounced between 18 and 15.5 four times this month - looks like it should do it again. MU 36 is the resistance level, and so it might be about time to short. The best sign will be a ful or partial gap down, as it has done that every time it reversed down in the last 6 months. The net surprised me with some new calls tonight: Long on SGI, PETM and AKLM - especially AKLM, as there is a lot of technical sterngth to it as well. Short on CMGI, TLAB and FORE, and CMGI is important as that is one of the best stocks I run in terms of predictability. One other thing I should note in response to some messages I have gotten. In essence, the net is an extension, a refinement perhaps of what I look for in stock patterns. Its never given me an answer I didn't understand, although it has both been early and late a day in doing so. It couldn't be anything else but an extension of my perceptions and analysis and prejudices, because I developed it in that context. So when someone asks for its assessment, it isnt really going to give you something radical from what I see in the stock patterns. It couldn't. What it does do is apply a complex process I use to equities I am not familiar with, and it does it very fast. That either works well or doesn't. So if I say the net gave poor results, that really means I probably don't understand the stock either and at best my assessment would be a chartist's/technician's view flavored with some years of experience. So the advice is not going to be worth more than you paid for it. But then, its probably not worth any less than it cost, either... lastshadow