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

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To: Richard Estes who wrote (1914)	6/25/1997 8:22:00 AM
From: David Alan Cook	of 42787

Richard, Thanks for your analysis of PACC. I had a couple of comments on your indicators: Ref: CCI - Commodity Channel Index ( A Prime Momentum Indicator ) The Commodity Channel Index was originated by Don Lambert and written in Commodities Magazine in Oct 1980. CCI helps to determine when a cyclical trend exists in the price. Normally, the CCI will remain above the +100 and -100 range, which means that the price is following its anticipated cyclicality. However when the CCI goes outside the +100 or -100 range, it indicates that the price might have started to trend. Most of the fluctuations of the CCI are supposed to fall within a +100% to -100% channel. Movements beyond these values are supposed to be non random and create trading opportunitites. The Trading Rules Are: 1) Buy long when CCI rises above +100% 2) Sell short when CCI falls below -100% Source: WOW / Commodities Magazine / Stocks and Commodities Page 5.6 in Windows on Wall Street Technical Indicators Manuel Ref: Daily Volume - The Strategic Investor Reports last report listed daily avg volume as 20,000 shares. IBD's volume change lists avg daily volume at around 26,000 shares. Ref: Support/Resistance: PACC has been trading for about 6 weeks in a range from 13.25 to 15.125. Prior to this, PACC traded in a 6 month range from Jan 97 to end of May 97 before it broke out at the end end of May.The prior range had support near $8 and resistance near $11.25. DC

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