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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: feewaybill who wrote (3426)	3/27/1999 7:41:00 AM
From: Caroline	Respond to of 39683

Way to go, Bruce! 4 hits! CB

To: feewaybill who wrote (3426)	3/27/1999 3:57:00 PM
From: Ken Adams	Read Replies (1) \| Respond to of 39683

Bruce, Nice looking picks! Here's an interesting thing (I think). Following the close on 3/19, I ran two of my favorite scans. One finds rising stocks that have pulled back to rising MAs (for longs or calls). The other finds stocks that are in downtrends and have risen to falling MAs (for shorts or puts). I got 11 hits for longs, 16 hits for shorts. Here's the rub. Not one long paid off! All were flat or down last week. Of the shorts, not many of them paid off either, but they continue to look more promising than the longs. I'm not sure just how to interpret this, but, all in all, I don't think it augers well for a continued rise near term. Comments welcome. Ken

To: feewaybill who wrote (3426)	3/28/1999 11:59:00 AM
From: Dr. Stoxx	Read Replies (1) \| Respond to of 39683

Thanks, Bruce. Those are great picks. I like TXN the least due to what looks like strong overhead resistance. GPS was a BTTT pick early in the week, but just a bit too early. Looks good now. WMT is nearly always a good pick, but especially now. Good luck, TC.