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

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To: Jan Robert Wolansky who wrote (4651)	1/8/1998 8:25:00 PM
From: Chris	Read Replies (1) of 42787

bad close on tmbs.. closed below the 14.00 resistance line.. tomorrow will be deciding day.. i would put sell stop and get ready to bail.. today's failure to break/close above key resistance point could be a sign of failure. this situation was seen in the nasdaq when it closed above the 50 day ma but the next day, it went below.. i would call those as failures.. that doesn't mean breakout can't happen.. it means the chances are lower with today's action. Chris

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