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Non-Tech : GUCCI (GUC) EXPLOSIVE GROWTH!
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To: Candle stick who wrote (5)4/9/1997 10:41:00 AM
From: Candle stick   of 40
 
To ALL: I bailed out yesterday of GUCCI due to an island reversal top on the charts--also known as an evening star.......top was definitely put in on April 7 at 77 3/4 and a sharp move down should now follow. I look for 69-70 area before buying back in.....best of luck to whomever may have been reading these posts....we caught the move up from 70 to 77, now its time to get out (or better yet go short) and look for the mid to high 60's............;^)

P.S. I like JC Penney (JCP) at these levels.....from a technical perspective a corrective upmove is long overdue....long at 45 3/4 looking for 49-50..........;^)
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