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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: DOUG H who wrote (1558)9/3/1999 6:25:00 PM
From: Venditâ„¢  Respond to of 19374
 
Hi Doug

No big money today......I was getting positioned today for Tuesday's "The Traders Return" rally. I bought QCOM 161, Have LU at 62 7/8 from yesterday as well as some AOL 94.

askresearch.com

In the above chart look at the top of todays candle......draw a level line from the top of it to the top of the one on July 20th. You will see it also crossed the top of another peak in between those dates. These are upper resistance levels. Once IBM moves and closes higher they will become support levels. If you look at the week of July 16th you will see the lite upper resistance using a horizontal line at the 133 - 134 level. After that......a clear shot to $139.