Stock Attack II - A Complete Analysis Message Board

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

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To: dennis michael patterson who wrote (29820)	2/12/2002 4:21:22 PM
From: sean sanders	Read Replies (1) of 52237

Ya we are in the middle between 32-35 where it has bounced a few times. Candle wise we have a shooting star/spinning top looking guy. So either we are going back down to the 31.75 level again or up to the 35 level. We are in the middle and some investors just took some profits form the nice day we had yesterday; I would think if the stock had steam tomorrow to go higher we would get to 35 in the near future but personally I would only play that one if I was planning on day trading it ie from 1-3 days hold. Becasue the candle pattern we had today might suggest we are heading back down but it isnt that strong so its a iffy situation. again medium to long term I think we are doing something similar to ibm just with a twist. We had a big H&S back in jun aug oct 01 and made a decent move down now we channeled our way back up to the trendline. Now it all depends where you draw your neckline for the H&S and what the investors have inmind; weather or not we proceed back down or go up from here.

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