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

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To: Chris who wrote ()	6/5/1997 10:16:00 PM
From: Chris	of 42787

Today's market action: Just a quick look at some charts and stocks: BBY -- Fell through crucial support line. Sell.. LSI -- touching crucial lower trendline. Sell if falls below.. EMC -- very concerned. Could fall down to 33. Fell through semi-strong support today. RACE -- just following that red trendline. Textbook action. I'm seeing RACE heading lower.. all the way to 12?? Not a plunge to 12. But gradual decrease.. Waiting for news to come out.. INTC -- weak bounce today.. Touching crucial trendline. Hope it holds. ADI -- fell through lower trendline couple days ago.. PACC -- looking good. holding above 13.5 support line. Short-term (stockrsi (8,5)) bottoming out. Bank index -- looks good. IBM -- fell through crucial support yesterday.. NAZ and SOX -- still at crucial support line. Could go either way.. Hope it holds above. ----------- All in all. I'm very concerned. We will be sure where the market is headed Friday or early next week. Hopefully, there will be some recovery. I'm still surprised no one is worried. Oh well... Notice how PACC and bank have positive outlook (non-techs)... Hmm.. tells you something? Just guessing.. Chris

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