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Strategies & Market Trends : The Rational Analyst
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To: Susan Saline who wrote (1212)6/22/1998 10:54:00 AM
From: HeyRainier  Read Replies (1) of 1720
 
[ EK ]

Hi Sue,

EK's selling is accelerating. That trend line I mentioned is the rising trend line that connects from the bottom of the 12/12 price action to the bottom of 3/16's. The horizontal trend line at the mid-high 67's is also in jeopardy.

I expect taking these two out will reduce the confidence further for traders and will at least bring this to the bottom Trading Channel boundary, which, for this Time and Price is at $64.80. This will gradually lower as time passes. This level seems to be a good area also because of another key support level that exists at this point.

Now..watching WAMU for 39.5.

Regards,

Rainier
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