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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: David Smith who wrote (28227)4/9/1999 1:44:00 AM
From: Doug R  Respond to of 79182
 
David,

SKYM:

On a chart basis SKYM looks good. After the 3/30 move it exhibited an uptrending flag that often denotes what I like to call hyperaccumulation. Being a nut, that's a very good thing to see for SKYM. On 4/7 it did the watermelon seed thing and launched away from the pressure that hyperaccumulation put on it. After today there's actually a good bit of technical acceleration on it with indicators moving up through key areas. It won't go up forever so stay ready to put profit in the bank. A huge day tomorrow is probable. Anything higher on Monday would be gravy.

Doug R



To: David Smith who wrote (28227)4/10/1999 2:20:00 AM
From: Instock  Respond to of 79182
 
David: You do know that SKYM is a short sell, don't you? large Blocks selling today. Not a good sign....
: )

I might even short the stock at the open Monday. might......
Insiders seem a bit worried about holding company stock. Book, yuk!

Better be carefull with this stock, it could burn you.....

Could be called an offical Short sell soon, and the the profit takers will head for the exit sign...> Quick

You like the favor returned to you?
Shell I re - post on 4 thread about this PIG/DOG ARf! Arf! stock?
Gather together a few sellers to match the buyers?

Only thing saving the stock recently was the Business week story, and TA cannot see that stuff coming anymore then modern day tea Leaf reading.

Instock




To: David Smith who wrote (28227)4/10/1999 2:52:00 AM
From: Doug R  Read Replies (2) | Respond to of 79182
 
David,

SKYM:

This is what I said, "A huge day tomorrow is probable. Anything higher on Monday would be gravy." (33% from previous close to the next day's high is huge in my book...what about yours?)

And that's what you got. Instock's babble is just that...what the heck does his reference to "official" mean...anyway?? On the Anthony@ thread he claimed PPOD to be an "official" (or somesuch) short on 3/11 at just over 9...it subsequently went over 12 for a nice 33% gain. Hmmm 33%...not too shabby (unless you're short and burning opportunity with your margin) What a maroon.

Doug R