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Strategies & Market Trends : Classic TA Workplace

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To: tbancroft who wrote (136000)	8/22/2006 3:22:58 PM
From: Henry J Costanzo	of 209892

ESLR..yes, tb...one of my old AltEner plays.. Agree, looks like it may be turning. Now in a support area...from last October's congestion.. Also, has broken above a small DT line from the late july high. Would also note that 200dMA, while looks like it's about to roll over, is still rising..and that's a plus., tb..this stock may have made a H&S top Feb-May...but if so, looks like the target measures have been more than met, and that should now be out of the picture.. If it's turning here, I would expect it would need to do quite a bit of work to establish a new base for an advance.........lots of overhead obstacles to confront......so don't think I'd look for anything flashy for a while....vbg

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