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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Samuel J. Bennett who wrote (6873)11/2/1997 1:04:00 AM
From: James Strauss   of 79357
 
FRLN... Head And Shoulders Formation...

>>>I am repeating my suggestion to buy FRLN, Farralon; has a very large saucer chart. Take a look.<<<
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Sam:

I see a Head and Shoulders Formation... The right shoulder is forming... It needs to close above 7.25 to resume its upmove... Moneyflow is positive... Volume is poor, and MACD is negative for the short term but positive on a weekly chart... The next ten days or so should tell you which way it's going to go...

Jim
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