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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: go4it who wrote (20416)	4/7/1999 1:29:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67931

Hello Charles, That's an interesting choice. It's a cyclical paper products company. It looks like the upgrade yesterday caused the breakout above the 33 resistance level. The target of the upgrade is 50 dollars! It had a very neutral day today though. 100K in institutional trades this morning with an equal amount of buying spread out throughout the day. The next resistance level is 37. By fundamental measures it looks a little pricey in comparison with a company like IP, but I don't know the group very well. I would have liked to see a little more volume, but it looks alright. What is your target/exit strategy? I remember Lasylo Biryini (SP?) recommending a number of cyclical stocks recently in Barrons as possible longs so he must anticipate money flow into selected stocks in the resource group. Upgrade: nordby.com Weekly chart. iqc.com Intra-day block trades. Type the symbol to get the institutional block trades for the day: thomsoninvest.net General question to everyone. What is you doing to control your risk given the lofty levels of the market and the recent volatility? Some trader always have a equal number of short and long positions. Some people just trade the trend and hope they can get out in time. Some like myself are standing aside due to their own set of technical and fundamental indicators (trading account only). Harry