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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (5795)	2/5/1998 12:02:00 PM
From: Chris	Read Replies (1) \| Respond to of 42787

was reviewing my charts bob g of some leaders... many are hitting strong resistance or strong upper band trendline channels (forks lines).. part of my multiple reason analysis that mkt is due for a very very shortterm breather.. (buy on dips should be employed). other reason is due to claud's feb 5th cycle timing and furthermore, the mkt itself (naz and djia) have strong resistance levels (or channel lines) to conquer.. indicators are also highly overbought, thus i sided towards a pullback and reattack.. pullback can be a fall in prices, but can also include any SLOWDOWN in price rise.. this is exemplified with the NAZ.. up only 5 pts vs 20+ earlier in the morning.. all healthy... take advantage of this pause to "readjust" your attack plan and to do research further.. my new buy list: CPQ, BAY, CSCO... IBM -- i see consolidation at best.. that giant isn't going anywhere. im siding towards bearish/fall from the wedge formation but that 200 ma IS Mighty strong.. weekly signal is getting more bearish each week (believe it or not).