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Non-Tech : Home Depot (HD) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Roof who wrote (510)	2/10/1999 11:01:00 PM
From: HoodBuilder	Read Replies (2) \| Respond to of 1169

On a P&F technical basis, HD is holding support at $54(a higher bottom and is forming a triangle). I've been daytrading a position since the retracement to $54 and a move above $57 should see a run to a new high if the market is moving higher. Either way IMHO HD is a great defensive stock in this market and the recent price action substantiates this. I closed a long trade from $54 1/2 this morning at the close @ $55 7/16. The stock is so predictable and a 1K lot can make you an easy $1000/day with minimal risk.