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Jim, I have been watching SCH go up with out me, oh well...still looks
like it has some good price action! I was wondering since you mentioned,
Schwab, do you trade your options with them? I have been recently looking
for a cheaper broker and have been using Schwab. I prefer to trade over
the internet . Looks like some of the the other discount brokers are
cheaper and some are not. I deas?
On Sat, 24 May 97 18:22:54 UT "Jim Greening" <JimGinVA@xxxxxxx> writes:
>All,
> I'm really excited! I'm fully invested and both the NASD OTC
>Index and
>the MS High Technology Index broke out to all time new highs Friday.
>Now its
>time to sit back, relax, and watch my money grow. At least, that's
>the
>scenario I'm counting on <G>.
> Just in case there is a bump along the way, I did identify a
>stock to
>replace one I might be stopped out of. That stock is one of my all
>time old
>favorites - Schwab (SCH).
> SCH at 36 is in a Short Term Up Trend Channel (STUTC) within an
>Intermediate Term Up Trend Channel (ITUTC). The long term trend is
>also up.
>The top of the STUTC is at 41 and the bottom at 35 1/2. The top of
>the ITUTC
>is at 45 1/2 and the bottom at 30 1/4. It broke out of a Short Term
>Down
>Trend Channel in late April and moved up strongly until early May.
>Since then
>it moved sideways and then bounced up off the bottom of the STUTC last
>
>Tuesday. The S/C and ROC are positive and rising. The ADXR is flat
>around 20
>due to the sideways move. The story here is that brokers just have to
>be
>making all kinds of money at these volume levels and Schwab is the
>giant of
>the discount brokers. If I do open a position, I'll set the target at
>45 and
>the stop at 34 3/4.
> I'll send a sch.gif chart to everyone on the e-mail list. If
>you're not
>on the list and want on, just yell.
>
>Jim
>
>
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