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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: belker who wrote (147)	1/31/1999 10:10:00 PM
From: sean sanders	Respond to of 967

Bob, Well my new pick for this week would have to be JOS. A somewhat thinly traded stock, but from taking a brief look at it I'm sure you'll see why I like it. A lot of chart formations on that chart and I'm hoping the last one (H&S) is one too that will complete. Only thing is it's sitting right above the 100 smov avg.; so I'm not sure if that is any consequence. I'm seeing the MM at about 20. Now seeing this stock doesn't have much more to go to the downside, it seems to be 'investors' choice as to when to short it. I'm actually not that familiar if stocks tend to treat the 100 day as significant as the 50 or 200. anyways I'm putting a short sell limit at 22 3/4 and see how that does. I'll use the 200 day and the horizontal trend line (about even with the 200 day) as a buy stop ... well actually a 1/4 above that as a buy stop. Sean

To: belker who wrote (147)	1/31/1999 10:25:00 PM
From: sean sanders	Respond to of 967

Bob, The other 2 picks I have for this week are APD and BMY APD actually came in a close 2nd for the pick of the week, but for some reason I went with JOS. IF I don't see what I like out of JOS tomorrow I may go with APD. APD seems to have a bit to go on the downside to complete that dbl top. I'm estimating about 4 points. BMY - actually BMI doesn't look that great but I'm looking to start trading options more and so I'm thinking about a MAR 120 put. The next farthest option is a june and that's a little far for me, so that's the reason I'm going with the march. Well see how it goes. Sean

To: belker who wrote (147)	2/3/1999 10:26:00 PM
From: sean sanders	Read Replies (1) \| Respond to of 967

Bob, I should have posted this one yesterday when I saw it break down through the neck line (hmmm is it still called a neckline on the dbl top?) no idea ... anyways ... CRUS - One look at it should pretty much tell you what I'm going to say about it. Actually one thing though; I'd look for it to stop near 8 since you could draw a horizontal trend line across from the dbl bottom there (8/31 10/8) and that may provide some new support if CRUS decides to get that low. So let's look to see if it completes a dbl bottom for one and two let's see where it stops at (MM is at ~7 or a little lower, but that trend line from the dbl bottom is ~8). Oh let's also see if we have a flag in between the move down here. We have been moving down for a few days now; I assume we should have some profit takers in here soon. Obviously this isn't a message to buy or sell CRUS just to learn T.A. Sean