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

To: Mike Learner who wrote (3797)	5/12/1999 1:04:00 PM
From: Dr. Stoxx	Respond to of 39683

Mike, My problems with HD long are that: for 6 weeks it has been in a strong downtrend which has been confirmed with lower lows and failed rallies; and that price has broken through 2 levels of major support, and has rallied to retrest the first. If it breaks through into your buy range, that that would be a bullish sign. But until it does not look promising. TC.

To: Mike Learner who wrote (3797)	5/12/1999 1:43:00 PM
From: Ken Adams	Read Replies (1) \| Respond to of 39683

Mike, I don't think I'd be a buyer of HD right now. Take another look at your chart. It looks to me to be putting in a top (may have already done so). Failed rallies lately and lower lows. Not one I'd be wanting to own, unless it follows the scenario you outlined. Ken