|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=iso-8859-1" http-equiv=Content-Type>
<META content="MSHTML 5.00.3013.2600" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#b8b8b8>
<DIV><FONT face="Times New Roman" size=2>All,</FONT></DIV>
<DIV><FONT size=2><FONT face="Times New Roman"> I'm a
little nervous about posting a weekly pick when Guy just went short, but as he
said you have to follow your own system. My reading of the tea leaves says
we should expect an up move ahead so I'm going back to fully invested.
However, I will watch all my stops closely and root for a buy signal from Guy
<G>. My pick this week is <SPAN
style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">CytoTherapeutics
Inc (CTII).</SPAN></FONT></FONT></DIV>
<DIV> <FONT face=Arial size=3><SPAN
style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">CTII
at 7 1/16 broke out of the top of its Short Term Down Trend Channel
Thursday.<SPAN style="mso-spacerun: yes"> </SPAN>It also bounced off the
bottom of its Intermediate Term Up Trend Channel twice in the previous
week.<SPAN style="mso-spacerun: yes"> </SPAN>It hit an all time high of 20
on 3/3/20 then corrected all the way back to a low of 4 3/8 on 3/31/00.<SPAN
style="mso-spacerun: yes"> </SPAN>I think there is a good chance that it
will make another run up from here.<SPAN style="mso-spacerun: yes">
</SPAN>The long term Tema StochRSI is negative and still dropping, but the short
term Tema StochRSI just turned positive and is rising.<SPAN
style="mso-spacerun: yes"> </SPAN>I expect the longer term one will turn
up soon.<SPAN style="mso-spacerun: yes"> </SPAN>I won’t even comment on
the fundamentals since this is a biotech <G>.<SPAN
style="mso-spacerun: yes"> </SPAN>I’m not going to put in a market order
at the open since this is small cap with a large bid/ask spread.<SPAN
style="mso-spacerun: yes"> </SPAN>Instead I want an indication that it is
moving up so I’ll put in a buy stop just above Friday’s high at 7 1/4.<SPAN
style="mso-spacerun: yes"> </SPAN>If we get the position, I’ll set the
initial target just under the March high at 19.<SPAN
style="mso-spacerun: yes"> </SPAN>Since we don’t have sufficient data for
a new Short Term Up trend Channel I’ll set the initial stop at Wednesday’s low
of 5. Jump to <A
href="http://www.geocities.com/jimginva/";>http://www.geocities.com/jimginva/</A> to
see my chart.</SPAN></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sun Apr 09 19:04:13 2000
Return-Path: <majordom@xxxxxxxxxxxxxxxxxx>
Received: from listserv.equis.com (listserv.equis.com [204.246.137.2])
by purebytes.com (8.9.3/8.9.3) with ESMTP id SAA09471
for <neal@xxxxxxxxxxxxx>; Sun, 9 Apr 2000 18:51:23 -0700
Received: (from majordom@xxxxxxxxx)
by listserv.equis.com (8.8.7/8.8.7) id TAA07518
for metastock-outgoing; Sun, 9 Apr 2000 19:23:05 -0600
X-Authentication-Warning: listserv.equis.com: majordom set sender to owner-metastock@xxxxxxxxxxxxx using -f
Received: from freeze.metastock.com (freeze.metastock.com [204.246.137.5])
by listserv.equis.com (8.8.7/8.8.7) with ESMTP id TAA07515
for <metastock@xxxxxxxxxxxxxxxxxx>; Sun, 9 Apr 2000 19:23:02 -0600
Received: from hotmail.com (f188.law3.hotmail.com [209.185.241.188])
by freeze.metastock.com (8.8.5/8.8.5) with SMTP id TAA00615
for <metastock@xxxxxxxxxxxxx>; Sun, 9 Apr 2000 19:34:34 -0600 (MDT)
Received: (qmail 27351 invoked by uid 0); 10 Apr 2000 01:18:03 -0000
Message-ID: <20000410011803.27350.qmail@xxxxxxxxxxx>
Received: from 208.51.121.246 by www.hotmail.com with HTTP;
Sun, 09 Apr 2000 18:18:03 PDT
X-Originating-IP: [208.51.121.246]
From: "d jameson" <magnatizer@xxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx
Subject: Shark32 (Dow)
Date: Mon, 10 Apr 2000 01:18:03 GMT
Mime-Version: 1.0
Content-Type: text/plain; format=flowed
Sender: owner-metastock@xxxxxxxxxxxxx
Precedence: bulk
Reply-To: metastock@xxxxxxxxxxxxx
Status:
There has been a series of two weekly shark fins in the SPX over the past 5
months. Charts pertaining to these and other SPX weekly fins in the past 30
years here...
http://www.geocities.com/WallStreet/Bureau/2557/Magnetresearch.html
Regards,
David aka Magnatizer
______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com
|