Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Paul Shread who wrote (34163)	10/26/2000 5:50:21 PM
From: StockOperator	Read Replies (1) of 42787

Wow, I stepped out for a couple of hours and missed all the excitement. This breakout seen has two sixty min. bars going almost vertical (NAZ). Without a doubt a trend that cannot continue. With this kind of dramatic volatility closing weekly prices will matter even more. Can't wait to see how the week finishes off. Here are two things to watch tomorrow heading into this weekend. QCOM which is trying very hard to turnaround on a longer term basis, had quite a day today - up over six. Check the daily bar chart - definite H&S pattern establishing. If prices continue higher the closing price relative to the open should be watched here. Any break of 73 with higher volume I would view as positive. AMZN broke through a short term res. area. A close tomorrow above 40 with volume, imo, would be very positive because of the heavy resistance in this area. Tons of charts to look over. Good luck trading. SO

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