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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: bobferg who wrote (18777)	12/12/1998 5:09:00 AM
From: Clint E.	Read Replies (1) \| Respond to of 68961

Hello Bob. Hope you've been doing well and are having a good December. Could you take a look at AMGN for me? I covered since I developed the sense that it is going into new highs, because of the way the stock was acting on 12/9 and 12/10. Lost a good chunk of money but decided to take the pill and stop bleeding. I often miss an expolsive move in a stock after having traded it on the wrong side. Human nature being what it is---->Hard to short a stock, loose money, admit it by covering, and then switch to long. Do you see an ascending triangle forming here? Your bullish W that you used to always tell us about? Any other interesting charts that you've been looking at? Thanks; Clint

To: bobferg who wrote (18777)	12/12/1998 11:38:00 AM
From: j g cordes	Respond to of 68961

Hi Bob, nice to see you again. The banks and other financials will be open to quick adjustments in the months ahead as European Union works out its kinks on currencies and interest rates. We just had a .5 cut by most of Europe then England. Our own rates are probably headed down 60/40 chance next meeting. The stocks are on the upper side of good expectations because of interest rate supports, but jittery trading will continue through this world wide adjustment... in other words, I don't feel there's a trend change yet. Jim

To: bobferg who wrote (18777)	12/13/1998 9:00:00 PM
From: Suresh	Read Replies (1) \| Respond to of 68961

Hi Bob, thanks for the response. Do you calculate the Cabot's 2 sec. indicator yourself ? If I remember correctly NSCP and LXK came public about the same time frame. NSCP soared but LXK just struggled. One of my friends father was working for LXK and he kept telling me that it is a great company but unfortunately the markets valuation of it totally off base. I am glad after 3 years market has realized the value of LXK. I usually visit CPU, BBY and Fry's to gauge what people are buying. If my unscientific survey is any indication.. printers and scanner seems to be the number one purchases by consumers. If my friends daughters are any indication... LXK must be making out like bandits selling ink cartridges. Regards, Suresh