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Strategies & Market Trends : Keep Your Eye On The Ball - Watch List -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (1045)	5/3/1999 10:12:00 PM
From: David N. Jones	Read Replies (1) \| Respond to of 2802

Hi Taf & Group I have been following this thread for a while now and find the lack of hype for net stocks a refreshing change from some of the specific net stock threads. I figure it is time to come out and contribute if I can. My trading style is position trading based on TA using eod data. No specific time period just until I see the trend changing or a better opportunity. TA method that I use is point & figure in conjunction with ema's. Very little weight placed on the fundamentals. The stock I am following closest at the moment is FNHC which put in a double bottom today at $7.50 (on lighter than average volume). The stock is at critcal point short term with negative momentum and on a sell signal from the double bottom break at $9.00. Longer term the trend is bullish with the stock trading above its bullish support line around $5.00. I have not checked the ema's from todays action but would expect the 5 day ema to have crossed the 13 day ema. FNHC looks oversold here and I doubled my position at $7 3/4 for a trade and would bail if the stock prints $7. Hope I can contribute with either interesting or useful information here. Regards David