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To: bobby beara who wrote (7170)10/25/1999 11:20:00 PM
From: Berney  Respond to of 11051
 
bb, Re: Big Blue

I like to look at its monthly chart from about mid 1993. I think it reflects a great example of what potential exists when a stock breaks above its upper trend line. Gravity will eventually take over.

FWIW I've got the current upper trend line about $112 and the lower trend line about $76.50. That said, the chart looks to me like a close above $95 may signify a test of the daily down trend line. I'm sure some Big Money got sucker punched on this one and would like a chance to Distribute. Seems like a Fib 38% retracement would hit the daily down trend line very nicely.

We'll see how it and the Market does on day 3 of Don's Class 1 sell signal.

TB