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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: manny t who wrote (783)	5/4/1999 8:47:00 PM
From: Hyperpy	Respond to of 10027

Shorts may say that, yes

To: manny t who wrote (783)	5/4/1999 8:49:00 PM
From: Dalin	Respond to of 10027

I think the chart shows clearly, the potential upside!! BTY!! D.

To: manny t who wrote (783)	5/5/1999 4:42:00 AM
From: AugustWest	Read Replies (1) \| Respond to of 10027

manny, re: the chart #reply-9317394. First, remember that news throws it all out the window. SO, naturally, it can be interpreted a couple ways. My take is that in the short term we pull back a little. If the market continues sour, might even come back to fill the gap around $100, It says nothing about the fundamentals of the company, just suggesting that the price might have gotten ahead of the stock. When you see a run like NITE has recently, there are generally a lot of weak hands holding the stock, and they are the first to run for the exit. The MACD indicator is very strong for showing trend reversals. this description taken from that site MACD The Moving Average Convergence/Divergence is a good medium term indicator developed by George Appel that signals overbought and oversold conditions by measuring the intensity of public sentiment. Use the crossover of the fast moving average through the slower moving average to arrive at buy or sell signals. MACD is especially valuable when used in conjunction with a momentum indicator such as Stochastic or RSI. Since MACD is a sensitive indicator of public sentiment it can be applied to mutual funds as well as stocks and some technicians believe a 8-17-9 MACD is best for entering long positions and 12-25-9 for exiting them. I also use the candle stick formations to indicate a possible reversal before the MACD goes positive or negative(gives me an extra 10%+ if I hit it). If nothing changes from yesterday, expect it to test 120 today. Currently, I have no position here. I ended up selling the last of my long position at 147, and shorted it at 144, and covered at 137. If there is a gap up in the morning, I will likely short it again, but can go long just as easily if the buyers return. Yesterday morning I commented on Monday's decrease in volume. Then yesterday, it decreased even more. However, contrary to monday, most of yesterday's volume spikes were realized on weakening of the price, not strengthing. IMO, again, weak hands leaving for the door. I also day trade stocks that I am position trading, as is the case with NITE these lase few weeks. While doing so, I use a 1 to 5 minute chart with candle sticks as well as MACD and stochastics. When the trend is up, I trade them long. when the trend is down, it's easier to go play golf or day trade it on the short side. I don't generally short stocks, but the opportunity here is too strong to ignore. I will say thogh that I think the tech. and net stocks in general seem to be coming to an over sold point, and may provide a nice rebound for nite, but I couldn't chance it, taking home a position. If I miss a few points up or down, so be it, I'll wait and see which way it's moving in the morning. I slept well.