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Non-Tech : BBY -Best Buy

BBY 76.17

-2.0%

Nov 13 3:59 PM EST

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To: Bruce Russell who wrote (70)	12/19/1996 11:22:00 AM
From: DanZ	of 980

Bruce, Here's another point that I forgot to mention about BBY. Using very simple charting techniques, BBY made a low near 11 on the monthly chart in Dec 92, Jan 93, Apr 93, Jun 93, and Jul 93. This is one reason that I am hopeful that the chart will offer support in this area. The main problem with this analysis is that it was so long ago that the psychological force is probably gone because few current holders of BBY bought back then. If this level doesn't hold, then it could get real ugly...like down to the 6 or 8 range over a longer period of time (months). Dan

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