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Re: MidWeek Pick



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Joe,
     You're on the list.  CMB.GIF attached.

JimG
-----Original Message-----
From: Joe Maywood <jmaywood@xxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Wednesday, November 18, 1998 4:51 PM
Subject: Re: MidWeek Pick


>Jim,
>
>I would appreciate you adding me to your mailing list as well.
>
>Thanks,
>
>-jmm
>
>At 10:08 PM 11/17/98 -0500, you wrote:
>>All,
>>     I don't have much time, but did want to let everyone know that
I
>>decided to go with a midweek pick after the Fed lowered rates again
>>today.  I wanted to overweight in the financial/banking sector.  I
>>couldn't fine any small caps that really stuck out. so I decided to
go
>>with a large cap industry leader - Chase Manhatten (CMB).  CMB had a
>>strong bounce up off the bottom of its Short Term Up Trend Channel
>>(STUTC) today.  I broke out of its down trend in early Oct, gave an
>>RSquared, S/C, MFI buy signal in late Oct, and pulled back to the
>>bottom of its STUTC last week.  I expect a run to at least its 52
week
>>high at 77 1/2 and the odds even favor a breakout with the Fed's
>>action.  I'll open a position in the morning and set the stop just
>>under the STUTC at 57 3/4.  I'll send a chart to everyone on the
email
>>list.
>>
>>JimG
>>
>>
>>
>>
>>
>
><--------------------------------------------------------------------
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>----------------->
>Joe Maywood
>Electronic Data Systems
>Enterprise Infrastructure Architect
>Internet: jmaywood@xxxxxxxxxxxxxx
>Web: http://www.concentric.net/~jmaywood
><--------------------------------------------------------------------
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>----------------->
>



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