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

To: heehee1 who wrote (6429)	4/27/2001 12:08:36 PM
From: Casaubon	Read Replies (1) \| Respond to of 52237

I thought it was wedging higher but it blew past resitance at $73.5 (the pivot area). It looks like it will put in a high tight flag into earnings where it will then make up its mind to fulfill the the C&H pattern or breakdown. There was a golden cross moving average crossover of the 50DMA over the 200DMA. On 4/04/01 there was a major volume reversal (off the 50DMA I believe). I understand your short position but don't let it run away from you, if the bullish implications play out. Watch for prices moving higher on big volume (well over 6M shares on the day), probably earnings day, if it's going to happen. Good Luck! PS It isn't the cleanest pattern.