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

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To: Barbara Hospel who wrote (2384)	7/12/1997 1:29:00 PM
From: sean sanders	of 42787

To ALL: Here is a brief take on some stocks that have been mentioned recently... EMC corp - +DI and ADX increasing...st. dev. at a new high or getting very close...RSI leveling out near the 90 mark... 8/17/9 MACD increasing ever so slightly...the closest candle pattern represented here would be a shooting star - this candle is a reversal pattern *although the upper shadow isn't 3 times as long so were not looking at a "strong" star. Volume looks to be 1/4 greater then yesterdays (another 1/3 gain and it's at it's recent high). EMC in the near future I see rising ever so slightly near the 46 mark maybe even passing it to the 46 1/2... then taking a breather - with the coming earnings I'm not sure whether the breather will be a slight decline or a strong drop. If the coming earnings wern't near I'd say the support line at 41 is solid, but earnings have been know to knock through support and resistance lines as say a couple days ago... PACC the postiveness of PACC is that it "IS" trading higher and stochRSI(14) and the S-ROC is going up... some things to look out for here are the divergences between price and indicator movement ... ie EOM, MACD and RSI... another thing noted here is that the st.dev.(14) is getting close to a new high... If you put up a st dev of 14 on your charts you'll note that there have been significant occurances at high points in comparison to price. Candlestick wise I could call this a doji star but the previous 'body' isn't a "long" day - doji star is a warning that the trend is about to change. I see PACC being pushed higher recently by new buyers, but the support that it had isn't there as shown by the neg. diverging indicators. Short term traders might want to look at the next trading day and sell upon weakness... long term looks like a hold for now until a strong negative trend developes...ie... strong black candle... or a downward gap... I am putting my take hear on stocks not to sound "arrogant" or to have people trade off these 'predictions' but to invite commentary ...ie... agreement with what's stated or sound criticism. Sean Sanders (any advise on my T.A. outlook is welcome)

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