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Swing Plays - Healthcare issues still continue to appear over the last several sessions

These articles describe the statistical probabilities of long positions on these equities, based on neural net projections, for the next 5-15 trading days. These are not holy grail methodologies, the road to easy street, or anything else. These projections are the result of screening for technically significant retracement and momentum patterns that have been further screened for value and bullish sector performance. In other words, the projections are for long positions.

For 04/03/2007:

                                       $INDU             $SPX                 $COMPQ
Monthly Momentum    Negative        Negative          Negative
Weekly Momentum     Positive          Positive            Positive
Daily Momentum         Positive          Positive            Negative

Note: (OS) means oversold and (OB) means overbought. The value to price estimate (it is not a guarantee, only a cash flow based estimate) can be defined loosely as a multiplier of price. A number higher than one means the stock is undervalued using this model and a number less than one means the stock is overvalued.

Markets traded under subdued volume on Monday. Patterns were once again sparce. Telecom (NT), business software (CRM), apparel (BWS), REITs (CBL) once again showed up in the reversals list. Media (MEG), gaming (PENN), audio equipment (HAR), healthcare (HMO), beverage (FMX), and electronics (ROK) also made the list.
Healthcare and apparel made the final cut.

Here is what the nets saw today:

                           Value/Price est.   7 day ATR   %( 7 day ATR)/Close

BWS 2.17/1 66.7%   1.52                 1.30                  3.00

WCG 2.52/1 70.9%   1.62                 1.43                  1.64

Healthcare issues still continue to appear over the last several sessions. WCG is a bullish continuation pattern. We will simply have to wait for other sectors to provide patterns as they arise in this very sloppy market.

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