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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: randyi who wrote (53787)	3/7/2002 1:12:22 AM
From: Drbob512	Read Replies (1) \| Respond to of 100058

randyi: GE needs to close above 42 in the next day or two, otherwise the parabolic formation will portend a correction of several points, perhaps to 38. Needs strong volume breakout very soon. I see resistance at 47 and then at 53. On quote.com the RSI is at 62, so it is not yet too overbought, which occurs above 70 and especially at 75. It could have a stochastic pop and run it up to 47. I am constructive on the overall market right now, so it has a good chance of getting there whether it has a small drop first or just powers ahead very soon. I almost picked GE as one of my daughter's picks for their school contest of NYSE stocks. Good trading, Dr.Bob