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

To: epicure who wrote (7603)	4/17/1998 12:10:00 PM
From: Chris	Read Replies (2) \| Respond to of 42787

wil take a look tomoroow for you.

To: epicure who wrote (7603)	4/19/1998 12:17:00 PM
From: Chris	Respond to of 42787

Hi X: ESV: currently basing UNDER the 200 day ema. until that 200 day ema, i would not initiate any new positions. 200 day ema currently around 30.xxx if 200 day ema is broken , then you have resistance at 36, 41, 46 you have firm support at 26.and then at 24. 24-30 is your trading range.. depending on you, you can daytrade/shortterm trade as esv bounces around this range. very effective strategy if done right. on my weekly charts, it's on basing mode. NOT A strong buy either. so chances that it will break 200 day ema is slim at the moment. ============================== NBR -- a better pick. currently on weekly buy.. but not on STRONG weekly buy. again, 200 day ema is in the way. as you saw 3/27/98, 200 day ema was a BIG barrier as NBR failed to clear it. currently 200 day ema at 28.xxx if 200 day ema broken on upside, next resisntace at 32 firm support at 22. more at 20. i would not initiate any new position until 200 day ema is broken. again, you could also trade as it bounces around in the trading channel. your trading range is about 22-28. hope it helps. good luck.. you have some good picks. just the timing of rally is in question..