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Strategies & Market Trends : Charts for Bottom Breakout -- Ignore unavailable to you. Want to Upgrade?


To: Ed Huang who wrote (3087)3/6/2002 8:40:10 AM
From: Tom Shutters  Read Replies (1) | Respond to of 3105
 
Ed, I took profits on the SBC and bought GP when it bottomed. I'm looking for a good exit point for GP. Picked up some LU last week. We like the charts on LU, CSCO, AOL and NOK but would like to see LU, CSCO and AOL retest the bottom. I have owned NOK for some time but see potential in holding it for the long term.

I follow 55 stocks and noticed that the charts are getting top heavy. Not many stocks are near bottoms and we will need more good market news to sustain the upside momentum.

Tom