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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (3032)	8/5/2001 10:15:34 PM
From: Jerry Olson	Respond to of 5893

evening Mish a quick answer..just back from a great weekend at the Jersey shore just spectacular.. HD has been very impressive in the face of adverse selling in the markets since the april lows...at 39 bucks.. it exploded straight up to break a triple top at 45 and went directly to 53 the recent top..."all triple tops, and all triple bottoms" correct..in this case a pullback was expected and actually happened.. as in most cases triple top break areas now become solid support...and this did just that, it pulled back to 45 right on the money..and then promptly rallied again up to 50 backed and filled and has re-rallied to 50 here..i would expect with a print of 51, we'll test and breakout of that recent high at 53 this month.. i have a horizontal PO(price objective) of 77 on this stock...it may not get there..but a nice IN the MONEY call for Oct-Jan would be prudent...say the 45's??? best of luck...the chart looks very impressive with higher lows here gearing up for the breakout... OJ