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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (9704)	10/20/1998 11:19:00 PM
From: wizzards wine	Read Replies (1) \| Respond to of 29382

Evening Sergio, GAC is RS in O's, under performing the general market...Just broke through the Bearish Resistance Line @ 43...You could see a pull back to 31 without any problem, 29 is a double bottom and 28 your Stop loss or Double bottom sell signal...As it's a long way down to 28, I'd hedge here and buy back on the pull back... sector is aerospace and Bear Confirmed... ABT is RS in X's, very nice and broke a Triple top at 45...Your double bottom would be a low for the day of 39 and a Low for the day of 38 would give you a Double Bottom Sell and a Stop Loss Point... Hope that helps, Later Preston