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


To: Jan Crawley who wrote (32040)10/4/2000 9:32:24 PM
From: Galirayo  Read Replies (2) | Respond to of 42787
 
[ QCOM ] Jan .. ok who is gonna play ..

the cup and handle on QCOM?

PEB honorable mention.

Ray



To: Jan Crawley who wrote (32040)10/5/2000 7:10:19 AM
From: donald sew  Read Replies (2) | Respond to of 42787
 
Jan,

YHOO appears to be forming a steep declining WEDGE/FLAG, which should be bullish since it is declining, but I don't like the intense slope. It is not as steep as the MAR/APRIL decline, but its still too steep for me to call it a true BULLISH WEDGE/FLAG.

Its an IMPERFECT formation but it appears that YHOO just completed a "3 BLACK CROWs". Since it is imperfect, there are some doubts, but if it is a "3 BLACK CROWs" one should expect some more selling after this bounce.

For the short-term, YHOO should still have some more upside, if NAZ/NDX/market permitting. I see the first resistance at 97, if market permits.

Watch out for the possible 3 BLACK CROWs. Its quite reliable, but nothing is 100%.