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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (19738)	4/2/1999 2:23:00 PM
From: AnnaInVA	Read Replies (1) \| Respond to of 53068

I thought the Z Portfolio was already more or less a contest ...... anna

To: Susan Saline who wrote (19738)	4/3/1999 9:03:00 AM
From: Susan Saline	Respond to of 53068

DIS chartseer and bruce, ... responding here ... cause others on this thread follow DIS I don't think those on the ls thread are interested in this stock, as it is not a runner or momo to play intraday ... but a longer term fundamental stock To: +chartseer (12041 ) From: +PnFer Saturday, Apr 3 1999 7:55AM ET Reply # of 12046 >>>I should not have abbreviated the trendlines with this being my first post on this thread. Sorry. DIS broke the Bearish Resistance Line (BRL) at $34 and ran into the Bullish Resistance Line (brl) at $38. Yes, previous resistance lines act as support on the way down on p&f charts. Your fellow chartist, Bruce <<< Bruce and chartseer ..... DIS, last 31.50 I took position at 31 5/8 ... the other day ... I take into buying consideration several different factors .... not just support and resistance When a stock of good fundamentals corrects quickly (for DIS) as it did over the last few days, it is primed for a rebound ... usually taking about the same amount of time that it corrected. Support is at 30, but ... if I look to enter at 30, I would not make an entry The trendline is bullish, one and two yr. charts, which suggests that it will not come down as far as the support line. It had the correction in October and profit taking this month after a nice run up from January. If it did break below 30, it would go lower, and the short term trend line would then have turned bearish, and be back at the January low. Which would be an indication of it's heading towards a very bad chart ... I would not expect this of Disney I see good support at 30 Short term target 33, where it will meet some resistance Longer term ... a month or so ... back to trend line at 37 Hold term, till death do us part :o) sue