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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: At_The_Ask who wrote (75557)	6/7/2003 11:50:33 AM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 209892

FNM

To: At_The_Ask who wrote (75557)	6/7/2003 11:50:49 AM
From: jjstingray	Read Replies (1) \| Respond to of 209892

FRE does not look like much of a head and shoulders. That left shoulder is only $.20 from the high of the head. Not compelling to me. However, it does look like it is doing an ABC after a nice 5 waves up from the $49 low. Target should be about $57. It looks like a lot of stocks are doing ABC corrections. Of course they could morph into 5 wave down patterns. I am most interested in the internets. If we are headed down, which I doubt, then they should turn first. Getting some long term puts could easily score a 3 or 4 bagger.