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

To: Monty Lenard who wrote (35858)	5/10/2002 10:38:10 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 52237

<<Brooke if it even blinks it is short. This is one of its most vulnerable times...new highs...the risk is very low...128 close and I am wrong...>> Sounds like a very low risk entry. Loss risk: 1 point. Gain risk: 128 points (well, not really, lets say 13 points, back to fill the early April gap). Sounds like a decent bet to me. stockcharts.com[h,a]daclyyay[pa115!a128!f][vc60][iUb14!La12,26,9]&pref=G

To: Monty Lenard who wrote (35858)	5/10/2002 11:08:48 PM
From: TechTrader42	Read Replies (1) \| Respond to of 52237

You know my overall view of the market, Monty. (It goes up and down.) I agree on those high waves. I was just focusing on that MM-type chart, and those possible levels. When I looked at the chart, the levels surprised me. Take a look at the monthly chart. A new historical high last month. Monthly stochastics in the high 90s. Could there be a breakout to a new high, with a blow-off top? I see it has a trailing P/E of 35.3, according to eSignal. And it foresaw 'challenging economic conditions' after releasing its first-quarter report. It beat the street, but revenue dropped. It did say earnings would improve IF the economy improves. What if it doesn't? It's going to be one heck of a ride when it decides to fill that gap, isn't it?