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Jeff,
You're right, I still have a long position in IOM. Hope your buy
signal is a good one <G>. I only sell calls against IOM when its near the
top of its channel then cover when it retreats to mid channel. Right now
its almost to mid channel after bouncing off the bottom of its Intermediate
Term Up Trend Channel on 10/7.
Jim
-----Original Message-----
From: jeff f brady <surfingrincon@xxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Tuesday, October 21, 1997 1:30 AM
Subject: What! a buy signal !
>I got a Brady Break out buy signal on IOM today 10/20. Given a recent
>break upwards and the chart formation of a neckline ( it's not
>necessailry a inverse head and shoulders) break out , I can see it moving
>up to 34.
>
>I think Jim G has this in his porfolio, still holding long? Selling calls
>against it? Maybe I'll buy one..
>
>I am still long on GE and TMX.
>
>The rest of the market, not sure, but some selected stocks I looked at
>are not being confimed on the downside by On Balance Volume. I want to
>wait another week to make sure there is weekly confirmation on weekly
>indicators. However, we need a pullback, let's get it over with!
>
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