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Strategies & Market Trends : CANSLIM - COAST TO COAST -- Ignore unavailable to you. Want to Upgrade?

To: ST Trader who wrote (4438)	3/12/1999 12:25:00 PM
From: Bruce A. Brotnov	Respond to of 6445

Scott, if we disregard the market conditions WIZTF looks like a buy at 17 3/8 for initial position. There is some support at 17 and 17 1/4 would be a decent initial entry point, but the lower uptrend line is sitting at 17 1/4 so if it holds then 17 3/8 would be a possible buy point. If the techs stay weak then we might see a test of 16 support and a better buy point of 16 1/4 - if it comes back and that is more a function of the market. If the market does correct 300 to 500 points (what I am looking for post 10,000 hit) then it might fill the gap. That is why a small position at 17 3/8 is a decent risk depending on what you expect from the market. Bruce