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Non-Tech : CarMax (KMX) - a recent IPO of a Circuit City unit
KMX 30.85-24.5%3:59 PM EST

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To: Jim Goodman who wrote (31)10/20/1997 3:14:00 PM
From: Jim Goodman   of 67
 
as expected, 18-19 was it, S.T. for KMX, as per my "PSYCLE sm" recent comments....good news, though...on pullback, the 14 area should hold, providing another decent upside play for L.T., in-the-money-calls again....we shall see....feel free to view KMX chart itself, see the triple/head & shoulders bottom in the 13 area, the parabolic rise into which to have sold, and the recent pullback towards previous support ....I continue to wish you all well, and please understand, my concept does NOT employ fundamentals/stories, just long-existing, repeating, technical chart patterns, ind. group rotation, and PSY-chological cycles.... the pattern of KMX occurs in many others, and can be learned (from)....hope this helps... best wishes,
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