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


To: The Freep who wrote (21234)10/10/2001 7:54:54 AM
From: Jerry Olson  Respond to of 52237
 
TF

GE has just about completed a DCB here off the lows...

35 is the normal reversal back down on the chart...

this stock broke down along with everything else from 46 straight down to 29 the bottom...

it needs to back and fill a bit longer...watch for the next direction after 35...

i like the stock for my long term portfolio...but i'm waiting for the end of Oct to decide...



To: The Freep who wrote (21234)10/10/2001 9:52:45 AM
From: donald sew  Respond to of 52237
 
Freep,

With GE there is no definite candlestic pattern; however notice the string of 4 small bodies in a row, which could be a bit worrisome.

A string of small candlestic bodies either mean a short-term top or base. After a significant rally, the chances are better that its a top rather than a base, although there are times where bases are formed at higher levels, like a stairstep, especially in significant bull markets.