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

To: Chris who wrote (12328)	7/19/1998 8:06:00 PM
From: Judy	Respond to of 42787

Agreed on CSCO and WCOM. SCH up on buyout rumors, gauge the momentum. Logging off to make chili with jalapenos peppers for dinner now, Andrew better be right.

To: Chris who wrote (12328)	7/19/1998 9:18:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 42787

WOO WOO I see BK on the list...(and no Electric..thats not Burger King ;-) WOO WOO okay whats the scoop with your technicals on that one

To: Chris who wrote (12328)	7/20/1998 12:05:00 AM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

Chris, here are a few comments of mine about the group of stocks that you noted in this last post of yours. WCOM is overextended and need to pull back to its 9 day EMA for an entry. A pullback to the 5 day EMA may be an entry for those who are more risk tolerant and good tape readers. The volume peak on this last very strong upswing happen on the day there was a gap up. The volume has ben moving down since. Right now stock is riding up against the top BB. MF is starting to show evidence that the stock's trend may be running out of energy. But I do not see any significant divergences yet. A look at the tape would be worthwhile here. CSCO is also a bit overextended by the long bar on its last trading day where it closed at its high. But an entry can come within the next couple days. I am seeing a divergence on the RSI. The MACD shows that the uptrend has lost a significant part of its momentum. The strong move up was out of proportion with the comparatively small volume increase. I think one can wait a couple days before entering this stock. But this long bar last Friday may be a sign of things to come for this stock. I would wait on SCH for things to settle. There was allot of shares flipping during that last trading day for this stock. A huge spike up supported by volume, but note that the close happened right below a strong resistance. This stock has left its 5 day EMA in the dust. Much too overextended for my taste. I think we also will see some additional volatility over the very near future before a stable uptrend is established. The positive are that the MACD broke out of a resistance level, and other signs look like SCH can move up from here. WMT is looking good but needs to pull back to at least its 5 day EMA before entry. WMT looks to be in a well-established strong and solid uptrend. TLAB looks to be overextended and I think one should wait for a pullback to its 9 day EMA which it frequently visits. Last couple days were very strong with high volume and closing at its high. Two days ago it closed at the high of a very long bar. The stock together with SCH and WCOM look the most vulnerable for the very near term. BK looks like the a prospect that one may be able to jump into over the next couple days. Tomarrow should be interesting to see if it continues for another new high. Its uptrend is not as strong as the others. What makes this stock interesting is its long trading range days. I would watch the tape on this one. Volume is responding to the up thrusts of this stock. The stock has just made a new 52-week high. The covered calls on this stock must be selling at a high premium. My vote would go to WMT and then BK for the something different. I would watch CSCO closely to see what happens over the next couple days. If it moves back to its 9 day EMA and bounces off of it, that would be a good entry. But if CSCO closes below the 9 day EMA, its 20 day EMA is about 9 points below. SCH is a more volatile choice which has not established a strong uptrend yet, just some spiking. Watch the tape closely on this one. At this point in time SCH is only for the risk tolerant speculator. Both TLAB and WCOM simply look overextended and may take a few days to be at a good entry point. I would watch closely to see what happens around its 5 day EMA. The momentum behind its uptrend in the past would not be able to support a continuation of its current move up. But I see the possibility of the momentum increasing for both of these stocks. TLAB is the most overextended of the two. Just my opinions of course. I must get back into the swing of things here so my analysis of this group of stocks is a start for me. Interesting to note here that if the stocks leading this market is in the same position as this group of stocks, particularly the high techs, then perhaps we will see the market sell off tomorrow before continuing its rally. Bob Graham