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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: feewaybill who wrote (3631)	4/24/1999 9:22:00 PM
From: Caroline	Respond to of 39683

Great list Bruce!

To: feewaybill who wrote (3631)	4/25/1999 3:09:00 PM
From: Mike Learner	Respond to of 39683

Bruce, I like MSFT, MWD, and TJX; they all closed above 40 & 50 MA and closed near the high on last Friday. As for CC, it should be bought above 68.5 with good volume being there - CC closed at 67 15/16 with reversal from 68.5 which happened to be 40 MA for CC. Below 66 11/16 can be reversal trend to down and 50 MA becomes its support. IMO, buy is above close of 40 MA. As for LOW, better buy is above 59 3/4 with chance of trend reversal at 60.57 or 61.68 which are 50 MA and 40 MA, respectively. As for PNU, it closed near the low on Friday! Better buy is above 58.72 with good volume. With closing near the low after punching through its 40 and 50 MAs, PNU's chart, historically, indicates going sideways for days before going higher! If It happens that CC, LOW, and PNU fall into the strong market up-sector categories or being on strong up market overall, the above analytical approach is not warranted significantly. Regards, Mike