Stock Attack -- A Complete Analysis Message Board

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

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To: Wayners who wrote (5973)	2/12/1998 12:26:00 AM
From: Art M	Read Replies (1) of 42787

Wayne, The daily chart starts to look sick on the 4th day back(the sixth I think) with a dark cloud cover after the previous rise to about 44. The next two days(9th & 10th)seem to confirm this pattern. Today, obviously, it dropped to around 41. The previous high(approximately 50), right around the first of the year, showed a harami cross and confirming patterns, indicating a fall in the price. The weekly chart doesn't look any better, with an engulfing bearish pattern this week, albeit on low volume. All in all it doesn't look good. Support appears to be 37.5 or so, resistance 51. Hope you got in at the first of 97 and saw the rise from 16 to 51. Best of luck - Art

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