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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (8904)	9/19/1998 5:57:00 PM
From: Magnatizer	Read Replies (1) of 29382

Ken ENN is an interesting chart. IHS chart formation with the neckline in the 12 area currently. A break of that neckline is will give it a nice pop. Overhead in the mid to low 13 area should be tough to conquer. So, a break of 12 on volume gives a play to the low 13s. Another good entry area would be a fill of the gap created Friday. 11.375 area is where the fill will take place. A order to buy here is risky but offers a good posibility of a bounce and if 12 holds one has plenty of time to get out before it drops to the upper 10s. So, it could go up but will likely hit resistance at 12 then find itself filling the gap to the 11.375 area where it will rebound to the 12 area again, if it gets through stay long to the low 13s. If it stops or reverses don't be afraid to take some profits but I would have a hard time shorting it right now. ht david

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