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To: jjstingray who wrote (127514)12/29/2005 11:53:07 AM
From: Henry J Costanzo  Read Replies (2) | Respond to of 209892
 
AA.

That makes a lot of sense, jj.....and think you're right.

The fall from the early 2004 39 high down to 22 recently qualifies this area, I think, for a possible H&S bottom..like the one I charted out for WMT.

Particularly interesting here, jj......both these stocks are DOW components.....so what we're talking about might turn out to be an important element affecting the DOW....... and the general market.......... in the months ahead...??

Guess you've noticed that AA has also been one of Shack's faves...He was talking about a major wedge breakout on the weekly....which could take us as far up as the possible iH&S I'm talking about. (Hope he'll see this and weigh in)......

In any case jj.....AA...and WMT...worthwhile watching closely......