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To: Shack who wrote (161153)2/1/2008 4:09:38 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
Thanks..gotcha...very much agree on judging individual stocks by their own charts, regardless of the broad market trend.....Always some strong stocks in weak markets...and weak stocks in bull markets...Former is basically the way I've played for more years than I'd care to say..LOL



To: Shack who wrote (161153)2/3/2008 9:54:59 AM
From: Perspective  Read Replies (3) | Respond to of 209892
 
JPM - What do you think of the last six months of this chart as an Elliot triangle?

stockcharts.com

The only thing I could see it as is a "B" wave within a zig-zag correction. Implications would not be good for JPM, and we would know pretty soon as it is pegged against the top line.

`BC



To: Shack who wrote (161153)2/3/2008 12:58:31 PM
From: skinowski  Respond to of 209892
 
edit



To: Shack who wrote (161153)2/3/2008 1:14:55 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
The decline in DELL stopped hard at support (incl. the 200 month MA) Looks like it may want to bounce first and decide what to do next later.