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To: drsvelte who wrote (7548)2/23/1999 1:15:00 AM
From: Alski  Respond to of 14427
 
drsvelte,

I thought I recognized VRTY but not on a funnie basis. It's an old MIMBO which is a chart pattern that tends to put in the right side of a cup with handle. It stalled a bit with the Dell/market correction but it looks like it's back on track to re-attain it's all time high to me. It's sort of similar to GIC's chart, at least recently. GIC made it back to it's all time high and just finished putting in its handle last Wed. I've been trying to figure out where that one's going next myself. GIC got a big boost today from an upgrade and the strong market.

I'm not to impressed with XLSW's chart. I think it's got to at least base out, if not retest that big ol' downtrend from late Jan. A retest could build the inverse of the chart from mid Dec back to Oct. That'd be pretty ugly.

You do come up with some great picks though.

Alski



To: drsvelte who wrote (7548)2/23/1999 9:59:00 PM
From: drsvelte  Read Replies (1) | Respond to of 14427
 
Here are some trade candidates for tommorrow, assuming AG's inscrutable and obfuscatory comments are discounted.

Long

GLW - I like this from a chart and fundamental play. Broke from congestion to set new high on 3x average volume. MACD crossover. One the "funny" side I believe they have shed a lot of their consumer business and now focus on the communications fiber and materials side.

207.95.154.130

SFA - I had a limit order in today that did not get filled. Still looks good.

Short

BKS - collapse on earnings miss. For this chart, I can't really identify support. But looks like the downtrend will continue.

207.95.154.130

Also USW and UNBC have breaks worth looking onto. For the brave at heart, check out Rambus (RMBS) - bad news at the Bank Boston Robby Stephens conference sent it down. More to go?

EAII still looking good. More accumulation today on a bit higher volume. I bought a little CLST and am watching Sapiens for more volume.