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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (31980)	5/5/2000 4:20:00 PM
From: John Pitera	Respond to of 63513

Fred, this pattern in the DJIA has gone from a broadening pattern or "megaphone" and is now contracting back in. Edwards and Magee wrote these patterns up and called them Diamonds, I believe, they are not thatCommon and I'm going to have to go get the book to read up on what the trading outcome potentials are. VRSN's pattern is getting better compared to much of the stocks I have been looking at. VIGN is not so bad. Oil and Gas is where is's at I have 2 new research reports on RIG and SII, RIG is the top stock in SSB's universe and SII is banging out above expectation results and business is accelerating. SII makes the drilling fluids and other products that the drillers use. natural gas is very strong APA, BR, EOG. One stock that I really like, and is a value play is WMI, they had accounting problems but, they have been sorted out. I have been following the story all year. they are the industry leader in waste removal. The chart is one of the best examples of a long rounding bottom. This is a stock you buy and just hold for 6 or 12 or 24 months, it's not going to move quickly. Downside is very, very low from here. John