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

To: Minos who wrote (8069)	2/8/1999 8:15:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 43080

PWAV, RACN, PVSW PVSW held up well today given the market. I'd set the stop at 19.25 though, as another horizontal day and its starts to get iffy. net has been long since last Tuesday PWAV is also doing great for you (nice position hold) and I would set the stop at 25. The net went short as of Friday open. Also, today's action broke teh local uptrendline and it could well just travel horizontally for awhile, although it did not come up on my technical screens. RACN - well, I think I know what you are looking for on this one - hoping maybe today it hit its lower resistance that its bounced off ever since November. I don't think it has, and I am saying that because of the on-balance volume - which reached a new low of almost -400k shares. But, if it is at the bounce point, it should do one of two things: either it will start off at the low and rise all day, pulling back about 3 or so, or it will drop for the first 45 minutes or so and then finish the day as in the other example. If its not going to rise, it will look similar to Friday's chart. lastshadow