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Strategies & Market Trends : P&F Research

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To: Ms. X who wrote (137)	7/23/1998 5:53:00 AM
From: Bwe	Read Replies (1) of 389

This is great work, Jan. Timely, and I think this thread is an excellent place for this type of research. AMR, by the way, though it broke though it's BSL, completed a bullish shakeout reversal at $74. I think the stock can get to at least $80 before prior support becomes resistance. We'll see what happens thereafter. Also, support for the stock at the high $60's-low $70's going back to April. The break of the BSL is worrisome, however, for long term investor's I think the low $70's is a good place to accumulate stock. ASAI is in a HPT and the stock's pattern is worrisome to me. AMR had a HPT in June at $78. The collapse doesn't happen immediately, but it pays to take notice. Great work. Bruce

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