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

To: LastShadow who wrote (6584)	1/17/1999 9:14:00 AM
From: LastShadow	Read Replies (2) \| Respond to of 43080

GBFE For whatever its worth, 400,000 shares have traded per Form T's (after hours trades) since close on Friday. There was one 300,000 share trade executed after hours at 1 11/16, and one 96,000+ share trade at 1 3/4. lastshadow

To: LastShadow who wrote (6584)	1/17/1999 1:09:00 PM
From: Thomas Sterner	Read Replies (1) \| Respond to of 43080

<<I think the opportunity for a correction is there,>> I spent time Thursday and Friday morning moving mutual funds to cash and then spent Friday afternoon questioning the wisdom of what I had done. I went through charts for indexes and stocks I follow looking for patterns and applying a few indicators. I found that the charts for the stocks and indexes I follow are forming what now looks like the beginning of a right shoulder for H & S patterns. I like to look at a 13, 34, 89 MACD for the indexes. Here, for the Dow especially the difference between the MACD and the trigger is lessening. I am not as bearish as I was in July and September but I now feel I did the right thing. And yes, of course I'm rationalizing. ;>) Since we have an extra weekend day, maybe some others would like to share thoughts. Tom