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To: E. Graphs who wrote (18064)4/15/1999 1:08:00 PM
From: sea_biscuit  Read Replies (1) | Respond to of 25814
 
The market "caved"? Why, the IP and DD in my "Small Dow Dogs" portfolio are up almost 20% in the last couple of weeks! Not to forget GT, which is up about 10% or so.



To: E. Graphs who wrote (18064)4/15/1999 7:50:00 PM
From: J_W  Read Replies (1) | Respond to of 25814
 
We might have had support at 36 if the market hadn't caved. Now 36 is resistance. I'm showing a diamond reversal at 36, so if we don't break 36 we have a very good chance of pulling back to 28/30 to fill that gap after all

E, the diamond formation can be a consolidation formation also. Given the buying activity at the end of the day, the close above 36 and the strong uptrend we are in, I think that is the case here.

If we do get a breakout to the upside before earnings, I think this will be followed by pullback after earnings to the current level (36-37) before resuming the uptrend.

207.95.154.130

Regards,

Jim