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At 10:02 AM 10/9/2005 -0700, you wrote:
The next
Near Impulse forecast dates are 10/13 - 10/14 so we may expect a short
term rally into those dates before a continued downtrend. I would expect
a move at least to the $72 area and perhaps to the $60 area. Not shown is
a monthly chart with sell signals in August and September and a
unconfirmed monthly high pivot. Confirmation will come with an October
close below the September low..
Jim White
I would suspect that for AMGN to hit 60, we would have to lose 200
S&P points. Fundamentally strong company in a sector rapidly
being considered as a safe haven from volatility.
My favorite at the moment is CHK. I bought 4K at $32 when it fell
last week and will sell half at $36 while holding the rest for $40.
The first blast of cold weather will bring this company into sharp focus
and its profits into the stratosphere.
Bob
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