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Strategies & Market Trends : Technical Analysis - Beginners

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To: Big Sky who wrote (7279)	12/18/1997 12:03:00 AM
From: gonzongo	Read Replies (1) of 12039

SEIC- looks very good. It is exactly the formation I try to look for. Last one like that was U which I bought when it crossed 50. The previous high was 44.5 and round numbers tend to stop things- so a real break out would be 45. there is a good chance it will happen soon. Setting a tight stop is good although if you check the range- 39.75 might give a bit more room. I would probably wait to buy above 45 but your plan sounds good. your analysis is good. Best of luck on what appears to be a good choice. It has a reasonable shot at 60. but as the mayor says: " who knows". andy

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