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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (2768)	1/24/1999 4:16:00 PM
From: Patric	Read Replies (2) \| Respond to of 39683

Saw kensey at clearstation just recommended YHOO. Big bounce off the 40-day MA already on Friday ($21 worth, to be specific), but lots of possible upside. timely.com Of course I don't know what kind of protective stop you'd use with something this volatile. #B~}>

To: Dr. Stoxx who wrote (2768)	1/24/1999 5:04:00 PM
From: Caroline	Read Replies (2) \| Respond to of 39683

TC, are you aware the chart setting is on "expanded"? Just so long as you are... AXP: timely.com The trend is clearly "undecided," but with more volatility than two other undecideds on which I'm currently long: C: timely.com CD: timely.com The interesting action in AXP is that it's not a coil, waiting to spring (CD & C) -- but potentially many other shapes. There's clear resistance at $110, but the price is only $98, so resistance isn't the issue. Sitting on support (200 day MA), an event such as TC describes could break AXP. I'm voting "I don't know" on this one, but it sure is an interesting chart. Best guess: an intraday downswing to $88 (late October support), with a push back toward $105-110 at the inevitable "Brazil? Who said that's a problem?" re-bull phase. Stochastic says mini-sell. CB