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To: mishedlo who wrote (62710)	1/4/2003 9:45:04 AM
From: skinowski	Respond to of 209892

First Data… Thanks for this one. Lost it off my list for a while. Nice impulse down off the all time high last Spring… Might it be working presently on a right shoulder? (the left one would have topped in July of 2001 – see the weekly chart). The October rally in FDC topped in early November and the stock pulled back, and it is possible that the momentum – losing action ever since is some sort of a failing “C” ( Or, a “2” on the way down? Or, a consolidation before one more leg up? A triangle?). Note that the stock failed to make a new high into December 2, but, on the other hand, was immune to the decline which followed. Yes, it will be interesting to see how it breaks from this current coiling. FDC bottomed on October 4, a few days before the rest of the market. Would have been a good indicator back then.

To: mishedlo who wrote (62710)	1/4/2003 3:01:53 PM
From: NOW	Read Replies (1) \| Respond to of 209892

bet it headfakes up out of that coil then fails.

To: mishedlo who wrote (62710)	1/4/2003 4:46:24 PM
From: bcrafty	Respond to of 209892

mish, about FDC I think you might be a little loose in applying the word "coil" to that chart but I'll be equally loose in calling it a triangle since its November high and venturing a guess that it breaks upward through the UT. That is, of course, with all things remaining equal in the fundamental picture. If we get a war or the market tanks for some other reason, then so much for that scenario. Sorry for qualifying my TA with FA, but that's just the way I sometimes make my calls.