Stock Attack -- A Complete Analysis Message Board

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

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To: Chris who wrote (7741)	4/22/1998 3:14:00 PM
From: Judy	Read Replies (1) of 42787

chris, while you are examining your charts, at each key technical pivot point search for external events or news that defined the direction at the pivot. For instance I had posted that INTC would be range-bound between 71-81 until Deutches came out in June/July '98. Note stock was at 78-80ish yesterday when INTC calmed the Streets fear during the analyst meeting, and liquidity did the rest. Drugs, I stay with my view that the sector is at an intermediate top. Even with all the hype on viagra for PFE and the upgrades and coming split driving WLA up, this does not change the sector trend. My comment is not relevant for people trading the flux, there are 10-12 point moves to exploit, comment is relevant to position trading or buy/hold types who become unglued when a stock drops 10 or who become euphoric when it goes up 10.

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