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

To: Lee Lichterman III who wrote (39236)	12/24/2000 11:53:31 PM
From: Casaubon	Respond to of 42787

Lee, Stocks which put in corrections over the last couple of months can now prove themselves to be the next crop of winners by overcoming the selling which occurred. If there really is sustainable growth for those companies, they will put in the cup and handle pattern. There should be a fairly symetric rise off the basement for such stocks. It is not until the resistance of the handle is overcome, on rising volume, that one should consider purchasing the stock. Over the next couple of months, stocks which crashed will have the chance to prove that they did not deserve to crash. Those will rise as steeply as they fell, and launch out of their base. The concept of purchasing as they rise above the handle is simply the same as waiting until a stock rises through a resistance before making a purchase. The nature of the cup and handle pattern is that it's a bullish continuation pattern which is historically correlated with rapid price appreciation. PS I really don't see any set ups that I like, yet. But, I'm tracking quite a few companies that I researched for their potential.