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

To: Davy Crockett who wrote (21711)	10/15/2001 11:02:11 PM
From: Berney	Read Replies (1) \| Respond to of 52237

Peter, I'll agree with you on the GEm I've owned a ton of it in my Phleet since the end of July. I think I even got a dividend. <gg> Interesting that your chart and my work shows a breakout and, yet, we believe a breakdown is coming. Frankly, I believe it will be OK for the rest of this week and could get back to ~$41, but it reflects some real problems for the Market next week. Just my View from the Swamp Berney

To: Davy Crockett who wrote (21711)	10/16/2001 4:51:40 AM
From: donald sew	Read Replies (1) \| Respond to of 52237

svenlar, >>>> GE ain't looking too healthy. Overbought??? Charts suggests a possible breakdown is imminent. I guess it depends if it breaksdown through the lower trend line... from the triangle that has developed <<< Its forming a pattern similar to a TRISTAR formation, only moderately reliable. Text-book definition requires 3 dojis, however Im not as restrictive for this formation where I feel the small bodies for day-1 and day-3 are acceptable. The gap up before day-1 of the pattern also helps. Dont have a CLASS 1 SELL signal on GE yet, so there is also a chance for a little more upside, not a big chance.