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

To: robin 187 who wrote (537)	3/8/1999 4:42:00 PM
From: Phil Rogers	Read Replies (1) \| Respond to of 1169

<< We keep bumping up against the 63 area... I thought once we broke thru 62 we'd really take off but it's fluctuating between 63 and 61... >> Robin, I am not Al, but I thought that I would stick my two-cents in to the mix. Today was only the second day in HD's history that it bumped against the 63 area. The first day, Friday, was on great volume and a gap up out of the current trading range, a triple top and a large ascending triangle. All suggesting that HD is likely to move higher. However, wherever it eventually goes, we can't assume that it will get there in 2 days. FWIW, the ascending triangle is created by connecting the tops (a straight line across the tops at ~62) and by connecting the lows of late November, early January and early February. The projected move is the width of the triangle (12 -14 / share). That should get us to approximately 75/share. Who knows, keep your fingers crossed. Phil