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Strategies & Market Trends : Attitude Alphabet Project -- Ignore unavailable to you. Want to Upgrade?

To: bruce-l who wrote (5)	5/16/1999 2:40:00 PM
From: Doug R	Read Replies (1) \| Respond to of 670

Bruce, Wart, Now we're rolling. The scans take care of most of the work but they're so good it does make it difficult to choose. The main consideration after choosing those with the highest levels of technical strength would be % potential. That involves trend line stuff to find resistance. If no downtrending resistance is found look for IL-like uptrend resistance or relatively recent double (triple) tops that proved to be too stiff as resistance or double (triple) bottoms that failed as support while the price is still below that level. If downtrend resistance is found to be quite significantly above the current price also make sure to do a check for IL-like lines that may stop any move toward that downtrend. By IL-like I don't specifically mean actual IL/ACT construction. It involves finding T1, T2 and L1, L2 possibilities that would run up to prices that best "match" the technical strength. In these cases there is not an ACT to key off and, depending on the chart, you may find appropriate IL-like lines originating as far back as 3 or 4 months. When the rest of the troops report in I'll go over them and post a top five list or something. Maybe have several people do the same and see which ones from that check get listed most. So far the list for the long side is: AMPD AXAS LAD LTG MGMA RACE WWES WIDE as a probable short on 3 dRSI peak profit taking then a flip to long on the trick signal. Doug R PS; LOCK is likely to benefit from activity in congress this week. I heard some interesting comments about gun locks on the news in that regard. LOCK likes to jump when congress is considering gun lock legislation and the chart is set up for it. shhhhh