To: John Harton who wrote (8445 ) 5/29/2000 11:35:00 PM From: Berney Respond to of 11051
Thanks for your efforts John! I maintain a lot of FA data, of which you only saw a small portion. However, since all of my trades are short-term, I tend to do it for the academic exercise. In fact, it often gets in the way of a good trade when I don't like the FA. Some of my notes to self: BAMBI is sitting at 22 Bullish and 41 Bearish. To me this is not the sign of a bottom or a top; just the continuing meandering with a negative bias. 7 of the 8 drugs are bullish, 4/5 consumer staples, 2/2 energy, and, interestingly, 5/11 financials. That said, $DRG had a Doji on the weekly, and a break below 385 would not be good. I personally feel that it has 6-10% to go, but that is talking to the chart. $SOX is sitting on top of the weekly UTL (up trend line). A break below here would be serious. I think that TM relayed my feelings on the SnP very well. I feel strongly that we'll get a short term pop to the upside, but where it turns is going to be more important than the pop. As to some specific stocks: AA-Sure looks to me like it broke a H&S at 62 with a projection to $33 (that would be a big ouch). BA-TC (trading channel) projects to $44. BAC-It could be a "W" BO (break out) with lower PP (pivot point) at $54. C-I feel more comfortable with PP's at $58 and $62. CAT-SDTL (strong down trend line) at ~$40 3/8. CHV-SR (strong resistance) ~$95. CMB-**Key to Financials** SDTL ~$72 3/4. CPQ-SDTL ~$28 3/8. CSCO-SDTL ~$58 3/4. GM-Decent HS (horizontal support) at ~$70. HD-HS ~$44. INTC-Weekly Doji and DTL ~$122. KO-Created lower PP ~$48. LU-Definite lower PP ~$52. MCD-Above $40 could explode upwards. MSFT-Monthly LTL from 1989 is ~$58. MWD-PP's $60 & $71. PEP-Possible "W" BO. PFE-Puppy should top ~$50. S-TL & HS ~$35. SBC-PP's ~$42 & $46/7. WCOM-TC ~$36 to $44. Just a few of my observations from the 18th floor. BWDIK! TB