[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: MidWeek Pick



PureBytes Links

Trading Reference Links


Jim,

I would appreciate you adding me to your mailing list as well.

Etienne


At 22:08 17/11/1998 -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
>
>
>
>
>
>
>