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

To: Terry Whitman who wrote (28404)	1/26/2002 10:43:58 PM
From: isopatch	Read Replies (1) \| Respond to of 52237

Terry. Aware of the downtrend line. But don't consider such lines to be "major patterns" in my work. IMO the major pattern for HOFF is developing in the weekly chart. That being? There's good evidence an important low is being completed. You have a very nice double bottom or W formation supported by positive divergences in the indicators. And the BBs are narrowing usually indicatives an important move is about to occur. *1st time this has happened with Big Charts. But after 4 different approches to cut and paste their software seems to be a little crazy today and keeps reverting to another chart (NEM PR) instead of transfering the HOFF chart. So please remove the NEM PR symbol to the upper left from the chart, type in HOFF, then enter.* bigcharts.marketwatch.com Earnings are coming out the end of the month and recent price action is pointing to a fairly decent report. $8 area looks like the ST resistance to me. But, if the earnings are stronger than expected, we could go right through. Bought most of my position New Years eve in the lower 6s and unlike my ST swing trades in some of the NG stocks am being more patient with this large position in HOFF. Don't set price targets, as a rule. Just look to enter near important pivot points and then ride the trend which my work tells me is higher from here. Perhaps a lot higher. But am accustomed to letting the market decide that and I'll just move my stops up accordingly. Best regards, Isopatch