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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: horsegirl48 who wrote (26147)	7/28/2000 11:19:11 AM
From: donald sew	Read Replies (1) \| Respond to of 42787

Horsegirl, GE broke the LOWER TRENDLINE of the BEARISH FLAG which is also the UPWARD TRENDLINE from the JUNE LOWS around 48. It now becomes a resistance line and for today it is around 53-53.5 for today. Keep in mind that it is inclining. I do expect a bounce in the overall market by MONDAY and GE could retest that trendline. However, Im only talking about a bounce not a sustained rally, so that may be a better time to get out. The break of the bearish flag on GE implies that it can sell-off significantly more, but that doesnt mean that it will sell off immediately. One more down day possibly before a bounce. Maybe the bounce starts today, but for now Im more inclined on the MONDAY timeframe