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Strategies & Market Trends : RESISTANCE LEVELS- Ceilings & breakouts <30 min old

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To: Burlitis who wrote (33)8/28/1997 11:05:00 PM
From: WHL   of 621
 
ALTS broke recent R @ 7 5/8- 8 1/4 w/ ADV of 80,000.
Today it closed at 8 3/4 x 8 7/8 w/ Vol of 512,800. I think there is more upside- still early in the advance. The move started at 3:00 and broke resistance by 3:10. It hit 9 1/4 with 5-10 minutes to go in trading. I believe that this was a "MM pick up the 'weak hands' drop" right as trading closed. We may be back to 9 1/4 in short order tomorrow morning. We need to catch things like this when they happen and post the alert. I was busy watching Excite break its 52 week high (and I believe its all time high).
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