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Technology Stocks : AT&T
T 25.26-1.4%3:59 PM EST
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To: ahhaha who wrote (3341)4/12/2000 7:58:00 PM
From: RWS  Read Replies (1) of 4298
 
I'm looking at an Elliot flat ABC from Jan '99 correcting the move up from '97. The flat appears to be in wave c of C down to end the correction around $40 - $42 in a few weeks. Of course the correction could expand into waves D and E for a multi-year channel.

Earnings projections aren't too wild, 2.23 in 2000, 2.53 in 2001.

I have a bullish LEAP spread on T legged in on March 1 and March 24.

I'm going to look at WCOM chart.

Regards,

RWS
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