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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Jack of All Trades who wrote (46769)8/29/2003 3:20:05 PM
From: SpecialK  Read Replies (2) of 52237
 
Head n Shoulders in the BKX forming the right shoulder here>
stockcharts.com[e,a]dhcayiay[pb50!b200!f][vc60][iut!Ub14!Uc20!Uo14!Le12,26,9!La12,26,9]&pref=G

For the Nasdaq, which has been strong, this could only be the head forming>
stockcharts.com[e,a]dhcayiay[pb50!b200!f][vc60][iut!Ub14!Uc20!Uo14!Le12,26,9!La12,26,9]&pref=G

This JPM chart is a weekly version. It might be showing an inverse Head and Shoulders has formed, but could easily come back to the 26 area (support) from the 34 area.

The daily version suggests that 35 is strong resistance now.
stockcharts.com[e,a]dhcayiay[pb50!b200!f][vc60][iut!Ub14!Uc20!Uo14!Le12,26,9!La12,26,9]&pref=G

Fundamentally, they have handily beat estimates the past 2 quarters, with current 03 estimates, at 2.95. The stock looks fairly valued here. Based on options max-pain suggests range bound action between 32.5 and 35.0.
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