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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Larry S. who wrote (13967)	4/12/1998 7:03:00 PM
From: DanZ	Read Replies (2) of 53068

GLW, BAY. Larry, GLW met resistance at the upper daily and upper weekly bollinger bands last week at 45. It then retraced to test the middle weekly bollinger band at 39 which also happens to be near the lower daily band. The stock looks like a good buy for a move back to 45 but I would sell it if it gets below 38 1/2. It is also positive that the stock held after filling a small gap that was left on February 25 between 39 5/16 and 40. BAY fell below the lower daily bollinger band during the day last Thursday but closed above it. The stock is also oversold and looks like a buy for a move to about 27. Dan

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