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

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To: Monty Lenard who wrote (35858)5/10/2002 11:08:48 PM
From: TechTrader42  Read Replies (1) of 52237
 
You know my overall view of the market, Monty. (It goes up and down.) I agree on those high waves. I was just focusing on that MM-type chart, and those possible levels. When I looked at the chart, the levels surprised me. Take a look at the monthly chart. A new historical high last month. Monthly stochastics in the high 90s. Could there be a breakout to a new high, with a blow-off top?

I see it has a trailing P/E of 35.3, according to eSignal. And it foresaw 'challenging economic conditions' after releasing its first-quarter report. It beat the street, but revenue dropped. It did say earnings would improve IF the economy improves. What if it doesn't?

It's going to be one heck of a ride when it decides to fill that gap, isn't it?
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