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Strategies & Market Trends : Flat-Base Breakouts on Heavier than Normal Volume -- Ignore unavailable to you. Want to Upgrade?

To: DD™ who wrote (15)	8/25/1998 10:36:00 PM
From: rakitup	Respond to of 34

Double D, on June 7 you stated my pick of WAG was a classic example of a breakout. For those who listened then when the trading was at 35, you should be real happy now that it is trading at 48-7/8. From the chartist viewpoint, I want to point out that this run in WAG appears to be about over for a while. Notice the duration of the gain period is now about the same length as the duration of the basing period. I would look to take profits now and watch it drift sideways or down between now and November, then get back in in early November if earnings are holding up. Rak up a winner