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Re: [Fwd: Writing custom Indicators]



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JB,
     I have SCH in a steep, narrow short term up trend.  If it holds, a small 
pullback to around 35 should be a good entry point.  I don't have HUM in my 
database, but CY looks like it is at a good entry point right now.  I've had 
the same problems you just had on expiring options.  That's why I only trade 
LEAPS now.  Less leverage, but much more time to be right <G>.
Jim

-----Original Message-----
From:	jeff f brady 
Sent:	Thursday, May 01, 1997 4:13 AM
To:	metastock-list@xxxxxxxxxxxxx
Subject:	OBSERVATIONS

well there goes SCH (schwab) with out me !  tried to get an option (call)
on it but it gapped right above my limit order.  Any ideas on a pullback
price to put another buy on?

Also; had a Brady break out on CY and HUM , don't even know the names of
these companies.  Cy has a weekly and monthly MACD that is close to
crossing over to a buy signal.  The daily chart has a MACD buy signal
and the on balance volume is trending higher, while the price has been
consolidating.

HUM (21.75) has broken out of a downtrend channel, has a daily MACD buy 
signal, weekly it has bounced off a number of moving averages all combined
together, initial target price of 24.75, there ia also a monthly MACD
getting ready to cross over to a 
buy signal, long term price target of 27 to 30 ?

Compact (CPQ) has also taken off with out me, the daily OBV is leading it
up.

I also closed my Kmart call options today for a profit ( haven't figured
out the % yet).
My AMAT call option expired worthless, and now that stock is hitting new highs 
( the drawback of a investment that expires).

Signing off for now.

JB