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<DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial
size=2>Jim</FONT></SPAN></DIV>
<DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial size=2>I
wimped out. Had another sell signal for Monday night at the Close and was
too much of a wuz to add to my short positions. When am I going to learn
to just follow the signals? Worried about Greenspan and the pending rate
cut even though we previously discussed the possibility that anything he did
would be too little too late. Oh well....</FONT></SPAN></DIV>
<DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial
size=2>Regards</FONT></SPAN></DIV>
<DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial
size=2>Guy</FONT></SPAN></DIV>
<DIV><SPAN class=820542504-02101998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #0000ff solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV class=OutlookMessageHeader><FONT face="Times New Roman"
size=2>-----Original Message-----<BR><B>From:</B>
owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]<B>On
Behalf Of</B> Jim Greening<BR><B>Sent:</B> Thursday, October 01, 1998 5:16
PM<BR><B>To:</B> Metastock<BR><B>Subject:</B> Stops<BR><BR></FONT></DIV>
<DIV><FONT color=#000000 size=2>All,</FONT></DIV>
<DIV><FONT color=#000000 size=2> I sure was wrong
about that clear sailing to the top of the Horizontal Channel, looks like
the DJI will test the bottom instead <G>. All my open positions
closed below their stops today, so I'll close everything tomorrow with one
possible exception. DELL did break through the bottom of the short
term up trend channel but is now close to the bottom of the intermediate
term channel. If it opens up tomorrow and looks like it's trying
to turn, I may hold on to it. On the other hand, I don't want to let a
profit get away <G>.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Jim</FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Oct 02 07:47:20 1998
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Date: Fri, 02 Oct 1998 15:31:23 +0800
To: metastock@xxxxxxxxxxxxx
From: Steve Gochuico <stevego@xxxxxxxxxxxxxxx>
Subject: Interesting Charts
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Hello everyone. I have some interesting charts to show you
guys and I hope it would stimulate some discussion on T.A.
My analysis is far from perfect. I could be wrong. Therefore,
it would be prudent to employ stop loss if we would initiate
a short sell order. Ok, I'd like to discuss two charts:
CPQ-I beleive this stock has given us a strong sell signal based on
a break of our last drawn trendline, a cross below the 50 day ema and
the 200 day ema. The last bar was a gap down bar. Just some classic
TA analysis, nothing fancy. The september price formation looks like
a rising wedge with a break on the downside.
LU-This one arguably looks like a classic S-H-S formation. Our sell
signal comes from the strong break of the neckline on surging volume.
Plus, we also have a cross below the 200 day ema. Interestingly, the
200 day ema is also located near the broken neckline which makes
me feel more confident that my sell analysis is correct. The
candlestick pattern three bars ago is a bearish engulfing. The last
three bars looks like three black crows bearish pattern.
There are other stocks that are breaking their short-term trendline
and are very good shorting opportunities. If I have more cash to put
up as margin, the ff. stocks looks like good shorting candidates: MU,
NETA, AOL, CSCO, QCOM, TRV, VOD, SUNW, SBUX, BA and TXN. I'd love to
include the ff. stocks in our analysis but I won't because it would
clog the listserve with too many gif files. Maybe two charts wouldn't
be too much.
I would really like to see others post their own analysis of charts
of stocks or commodities. I'd like to compare their analysis with
my own. I might learn a thing or two also. I'm posting these charts
because I was wondering why there's very little chart analysis that
I see in this forum aside from the weekly stock picks of Jim G. So,
I guess I'll start with myself and contribute something.
Steve Gochuico
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