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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: mattie who wrote (2316)	11/18/1997 4:14:00 PM
From: Crossy	Respond to of 37387

Dear mattie, my TA take on MO is: 1) volatility is very low on this one -> don't expect wide swings (in this case to the upside).. 2) support in low 40ies IS there 3) Tom de Mark bullish buy criteria set: -> major bottom NOW 4) Next major resistance: $48. I would wait for the stock to climb to that area AND then 1) buy put $45 contracts (as a hedge) In case MO breaks out of its old range only the sky is the limit.. 5) Shortterm candlestick: bullish continuation pattern.. best wishes CROSSY BTW; I hope You got out of DK on time. Early December should be a terrific time to pick this stock up again..