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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (17556)	11/25/1999 8:16:00 PM
From: Ken W	Read Replies (1) \| Respond to of 29382

Sergio, Happy Thanksgiving to all of the Amigo's and Amiga's out there!! JBAK: I went back to the max on the stock. 5 looks to be a very deep base on the down side with present resistance int he 6 to 6.50 area. Breaking that resistance would re instate the 50 cross over of the 200dMA which should take the stock back to 7.50 or so. The downside looks to be minimal at this point with so, so to the upside. A certain friend notified me that the entire retail sector is beginning to give off bullish signals. Given that the NASD has made more highs than a bong party I think that the shoe is about to drop on the few stocks that have been leading it higher and higher. The last time things got this crazy the big guys took positions in the cyclical stocks and ran them 30 to 40% leaving the overly euphoric holding the bag. REMEMBER AOL at 160?? CHS, in my view is a poor comparison to JBAK as they are entirely two different companies with different lines of product. Ken