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Strategies & Market Trends : today's chart

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To: The Perfect Hedge who wrote (514)	9/6/1997 11:07:00 PM
From: Bill Sandusky	of 1267

GD... must have been looking at the wrong chart when I said CRK was in a "short-term" downtrend as this is clearly not the case. However, my comments about the dangers of buying ahead of earnings seems to have been appropriate. Sorry if I misled you. Here's what I said in my post to you. CRK continues in a short-term downtrend but looks like it wants to move higher. Buying ahead of earnings can be hazzardous to ones health so I try to avoid these kinds of situations. In the absence of a negative earnings surprise, I'd look for the current downtrend to be broken very soon and for price to take out the recent high at a minimum. No idea what chart I was looking at when these comments were made. Again, I'm very sorry if I led you astray. Bill

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