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Strategies & Market Trends : Stock Crashes

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To: Leo C. Bouchard who wrote (176)	12/12/1996 11:17:00 AM
From: Udo W. Perkuhn	of 400

Leo, heres the TA from Dan (on the sage page thread). Not as good as I hoped, but in a down market guess its about all you can get right now. After this, time to move into NU again and take the 8% while waiting for the "big bang" (market correction). "Udo, It's getting late, so here's a quick one on GIC: The stock looks like a buy over the intermediate term, but it looks a little toppy right now. I currently view resistance at 23 3/4 on the daily chart and 25 3/4 on the weekly chart. Support is at about 21 1/2. Watch the reaction to the news tomorrow. If the stock opens near resistance at 23 3/4 and starts to back off, it might be wise to take profits. But if you decide to hang on and the stock holds over the resistance on the daily chart, then I think it will trade to resistance on the weekly chart near 25 3/4. Dan" Happy Holidays! And Good Luck! Udo

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