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I was about to ask the same thing!
Reminds me of the old joke about a Republican being a Democrat who has been
mugged.
Maybe this bear market will "mug" all of us TA types into becoming
fundamentalists.
Hope not.
Leo
Al Taglavore wrote:
> Harley! You have gone to the fundamentalist camp!!
>
> Al Taglavore
>
> ----------
> > From: Harley Meyer <meyer@xxxxxxxxxxx>
> > To: Metastock list <metastock-list@xxxxxxxxxxxxx>
> > Subject: NWAC
> > Date: Friday, August 28, 1998 2:48 PM
> >
> > After some thought I decided that I would go ahead and take a short
> > position in NWAC. I have a position of 50 shares at 28 9/16. I later
> > today took a short position of another 50 shares at 29 13/16. The
> > transports were up so NWAC must follow.
> >
> > This is a little speculative on my part as far as timing but by end of
> > year I can see NWAC near $20 per share.
> > Why?
> > In order of importance:
> >
> > 1- the global economic picture doesn't look good.
> > 2 - Increased costs do to higher labor cost accompanied with decreased
> > demand form passengers.
> > 3 - Expenses associated with the strike.
> > 4 - I am under the impression that the airlines will be increasing
> > capacity by adding more planes.
> > 5 - The code sharing between Continental Airlines will not go through.
> > 6 - The trend is your friend.
> >
> > Harley
> >
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