|
PureBytes Links
Trading Reference Links
|
Al,
re: > Dmark a good short at 5596?
1. Love those big fat black candles (8/12, 7/30, 5/27) that
engulf a previous day. (hint, hint: a great screen for
potential equity shorts)
2. Also, I like the way 14 day linear regression slope is doing
it's "currency failure swing thing" (with apologies to Welles
Wilder and country music)
3. I not fond of the fast "sto" (when it's below '15' we always
get a decent pop to the upside).
4. % of R is working against you at this level
5. But, MACD (dema) is cruising straight down
Overall potential is for a trip to 55.10 ... a safer short might
be had over the next week or so at 56.40 or 56.80
You might get a big laugh out of this one: I was born
practically in the Detroit River and could throw a stone over
the Canadian border from my hospital bed. I'm close to
initiating long positions in the Canadian Dollar. "How's zit
goin', hey?" Any thoughts for a guy who loves Labatt's Blue?
Steve Karnish
CCT
----------
> From: Al Taglavore <altag@xxxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Astute Investor
> Date: Thursday, August 13, 1998 9:24 PM
>
> On thursday, 8/13, Steve wrote "....Everyone's a genius in a
bull
> market.
> Let's see....you buy, you hold, they go up, and then you tell
> your friends that you're an astute investor. If you have also
> watched cable or satellite that day, you can even "spin" some
> "funky-mentals" on them and sound important....."
>
> I agree with you 100%. I wonder who was looking at P-E ratios
and
> revenue to sales and EBITDA when the DJI fell 240 pts? or
down 93 in
> the last 40 minutes today. I have a feeling that a good short
would be
> Armani, Hugo Boss, Cannali, and the other makers of fine suits
that
> these "experts" must wear when making their CNBC appearance.
>
> Dmark a good short at 5596?
>
> Al Taglavore
|