To: Thean who wrote (7897 ) 3/22/1999 7:31:00 PM From: Alski Read Replies (2) | Respond to of 14427
Thean, As far as I know SOF is just Dougr magic. I think he would claim it's all in the charts. Even news driven pops are often telegraphed. Did you check out MACE; it was only up 35.4% today. Doug looks at a lot of charts and technical indicators over the weekend to find ones set up for a big pop and puts them on a volume watch list. Then he waits for volume to show up with an upward bias. A lot of them never go, but the ones that do... He's got a pretty long list of 30%+ winners. By the way, a lot of them come back down as fast as they went up, ECHO was one of his picks in late November. I think he got the late December pop too. He also has an uncanny ability to identify targets that a stock is going to reach, and when. Again, a lot never hit his targets but an incredible number come within an eighth or so. He doesn't stubbornly hold 'till his target is reached either, he gets out fast when the tide seems to be changing. Doug cooled off a bit on SPNSF when it broke the uptrend thru the lows on 10/8 and 2/12. 206.253.217.14 I was content with the one from 12/11 thru 2/12 but the 50dMA is right in there too. It has set up a nice symmetrical triangle now though and today's recovery set up some interesting indicators too. Watch it for a volume break over the new downtrend thru the highs on 1/20 and 3/10. I'd say that's critical resistance now. Don't forget the volume though! As for targets, I'm still pretty weak on that part, but the lower high (or "failed" breakout) kinda lowered the target a bit, I think. Draw a target line from the low on 10/8 thru the high on 2/26. I don't see 50% there. However, should it go and blow past that target line, draw a line from the low on 9/1 thru the high on 1/20. I think that was the original target line and could define the top of a new trading range, if.... FWIW... Alski