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

To: Chris who wrote (8038)	4/29/1998 8:26:00 PM
From: Winegrower	Read Replies (2) \| Respond to of 42787

Did you catch any recy today chris? Would you update the merk chart as you have time. Merk looks as if the 104 - 110 area would provide strong support and be a 50% retacement area from the last run. If those levels are reached I will look strongly at mrk leaps. potterj

To: Chris who wrote (8038)	4/29/1998 9:56:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

I would go with EMC and HWP. I have not followed EMC before, but the volume looks on the light side, but the price action is very good with this one. There are mostly purchases with this stock. Also EMC is not as oversold as HWP is which is right now responding to its oversold condition. However, I see there is definitely more near term upside for this stock too. HWP is showing good large block purchases and is holding well validating support and remaining just below its new high. CPQ is right now meeting overhead supply with mixed trading right now, but from what I can see is not succumbing to sell pressure. I see on yesterday's charts and its follow through for today that a bottom was formed which the market continued up from. I must allow myself to spend more time with the market if I am going to start playing options again. I do think interest rate concerns will resurface in the future. By the way, when is the next FOMC meeting? Bob Graham