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Strategies & Market Trends : Three Amigos Stock Thread

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To: JoeinIowa who wrote (5854)	6/11/1998 11:30:00 PM
From: Magnatizer	of 29382

Amigos y amigas TA read on JAKK Long term near strong (shows the stock has support for a good long run) short term strong but overbought. Magnets 11.00, 15, 15.50, 15.75... Neutral zone (half way between magnets) 13.00 Signal magnets (1/2 the value of the magnets) 9.50, 9.75 History of magnets with JAKK. After signaling a new magnet the stock generally has one more day of strength followed by a small downturn which is a great time to accumulate. After the 3-8 day base/decline time the stock has started its climb. I would say accumulation for the stock would be prudent in the 9.50 area or lower. The overbought status in the short term indicators are leaning toward this scenario, however... JAKK does have milesofstyles powertool kicking strong which is a very good thing to happen. With this kicking like it is the stock may not dip at all. I would give it a 30% chance of staying in the uptrend. The basic chart formation for JAKK is a Cup and Handle. Tops of the cup are 10/24/97 and 5/1/98. Classic O'Neil would say to wait for a break of the line which connects the highs for those dates. DD, back with USXX later. ht david

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