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Strategies & Market Trends : Best Option Strategies and Option Insight -- Ignore unavailable to you. Want to Upgrade?

To: Alan Smithee who wrote (23)	3/19/1998 10:23:00 AM
From: wiley murray	Read Replies (1) \| Respond to of 245

Hi David, Thanks for the chart on WFC. On a long term weekly, monthly,chart WFC certainly looks like it can hit 340+, the resistance line. But I use short term charts (5 minute-30 minute and daily) and the picture is different. It has busted out of the Bollinger upper band (bearish)and the stochastics are in the overbought range 80+(bearish), and the candlesticks indicate a three line star exhaustion pattern IMO. So time will tell.A lot will depend on how the triple witching impacts the market today and tomorrow. Good luck.