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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Harold who wrote (4419)3/5/1999 1:10:00 PM
From: Bruce A. Brotnov  Read Replies (1) of 6445
 
Harold, EGAM must have run up by strength of momentum players and now they have pretty well sold off. First support is at $3 (already hit today)as there is a little support along with 50 DMA also at $3. Much stronger support at $2 3/4 but I am thinking $3 just might hold here. It needs to go sideways for a day or two but I think it looks more like a buy point than a sell point. I tried to add some at 3 1/8 but was already maxed out. I have to sell something before I get back in.

Your SPNSF looks good Harold as it is close to breaking though 10 13/16 and not a bad looking buy at 10 7/8 - if you believe the market can stay above 9400. <G>

Bruce
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