FITB (Fifth Third Bancorp) Message Board

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Non-Tech : FITB (Fifth Third Bancorp)

FITB 41.62

-0.8%

Oct 31 9:30 AM EST

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To: Ron Kory who wrote (51)	8/18/1997 10:47:00 PM
From: Ross	of 68

Ron, you said: <<Actually I have observed Ross for some time now and I believe he is infallible. You can copy him blind.>> Very funny!! You know much better than that.. :D Have you been paying attention to HBOC? I purchased some today at around $72.50. I have been trading this one off and on; it could correct more but may be setting up for EW5. Many of the retracements have been falling between .25 and .38. Never much of a pull back on the climb skyward, sense the fourth month. Often EW5's are .62 of the total EW3 move. This is usually conservative. Also if EW3's hold within a .38 retracement the set up is perfect.. If this holds true $90.00 is easily within reach. You probably know, better than I, that this is not a cheep stock. But the momentum is at its back and could be a fun trade. Today was a nice reversal day. Chart: teleport.com Ross

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