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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: dennis michael patterson who wrote (8377)6/1/2001 2:26:03 PM
From: Paul Shread  Read Replies (2) of 52237
 
Heinz has a turn coming Monday, which he thought would be a short-term low, with a significant top coming June 18-26. I bought when the Dow was down 50-60, thinking we were going to turn up, but I was hoping for the turn Monday. This weak, premature turn up does have me a little concerned. Maybe another test down on Monday and then we turn up?

COMPX was flat in May. Opened at 2116, closed at 2110. Looks like an inverted hammer or some sort of doji on the monthly chart. Not encouraging following April's big white candlestick, which did not take out March's high, BTW.

I think at least part of this rally is based on the rumor that ORCL won a big contract at the end of May and won't have to warn...
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