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

To: Chris who wrote (30528)	2/21/2002 9:37:41 AM
From: Chris	Respond to of 52237

07:08 ET AOL's biggest outside stockholder may be heading for the exits -- WSJ (AOL) 24.20: The Wall Street Journal reports that Janus Capital has quietly been selling shares in AOL even as some of its money managers publicly have kept a positive stance on the stock. Since last March, Janus has sold about 25% of its 24 5 mln share position. Last week Janus disclosed in an SEC filing that it had accelerated selling during Q4, disposing of an additional 32 mln shares.

To: Chris who wrote (30528)	2/21/2002 11:17:41 PM
From: Smooth Drive	Read Replies (1) \| Respond to of 52237

Hello Chris, GE does have a very strong P&F chart. Even though it's below its bearish resistance line this is a good looking pattern. Two patterns of note: 1) A Shakeout occurred with the double top at 41 that reversed down giving the first sell signal at 35, and then reversed back, and 2) A Bear Trap was formed with the last reversal up (spread triple sell signal without going even one more box down.) You can see the bearish resistance line waiting at 45 and a not drawn in bullish resistance line at 46. A bullish price objective of 59 -- which puts it right at the old resistance of 60. (Of course this pattern could go to beans if it reverses back down with another sell signal.) stockcharts.com