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

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To: C.N.S. who wrote (6771)3/12/1998 5:11:00 PM
From: Judy  Read Replies (1) of 42787
 
Shivu, the pivotal point for BAY is 27 1/2 ... it is not the low point. Technical support at 28+ but I base trading support on the 2 1/2 increment buffer zones for strikes (recall from my old, old posts about buffer zones). The buffer zones for strike 30, lower boundary at 27 1/2 and upper boundary at 32 1/2. Once BAY violates 27 1/2 on an intraday basis, there is a good probability that it will trade in the buffer zone to strike 25. Given my view of where the bullchannel starts for BAY, I'd not enter a long trade if my pivotal point is violated. Note today's intraday low was EXACTLY at 27 1/2.

btw, I invest in and trade BAY. BAY should work out long-term, its new management is solid, new products are on the horizon and a long-term game plan in place. House learned from Groves well.

Thanks for soliciting the opinions from your vendor friends on DELL/CPQ. I'll post more when I've time. CPQ and DELL are old friends, both from a computer and stock perspectives. In early 1980's I bought the first portable computer that CPQ made, a full 28 pounds. Often I took it on business travel, and one time some airline attendant complained "I don't know why they let these women bring sewing machine s on board!" Hmmm. Oh, now I only own DELL machines.
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