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Strategies & Market Trends : Why the markets will continue higher... -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (565)	1/22/1998 9:24:00 PM
From: bearshark	Read Replies (1) \| Respond to of 745

Hi GZ: It looks like CSCO has not had its shot at the breakout yet. It was hit fairly hard today. (It has a risky earnings report coming out this month also.) However, I have two others to amuse you and maybe one to enrich you a bit. The following were viewed using DBC's daily 1-year charts. For the interesting ones, I looked at the 90 and 180 day charts also. Seagate (SEG) has a very nice chart--if you have been bearish. Take a look at its chart from February '97 to May '97. It is a beautiful triple top. The volume just about coincides with what it should do. It certainly acted that way. I just like the chart. American Express (AXP) needs a gaze. Please take a look at it and see what you think. Maybe we will see the same thing. If we do, the time appears to be just about right. I just finished looking at every chart for the 30 DJI stocks. Jeeeeshh. Some of them are downright ugly. J. P. Morgan, for example. (It will challenge any of the oil service sector (OSX) stocks.) Some one better put the brakes on it. There are others like it too. I noticed a number of topping patterns about midyear last year with a resultant decline. There were several nice rebounds from the selling climax at the end of October to about December. Several of those appear to be consolidating now.