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Microcap & Penny Stocks : ONPT - A 52wk high price and volume

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To: James Fulop who wrote (191)5/6/1997 1:51:00 AM
From: Doug R   of 375
 
Ron, James

That was a nasty test of that trend line. The technicals were all shot
to hell. The shortest term ones are just now turning back up. The
downtrend and the uptrend meet on 5/12. I sharpened my virtual pencil
to get a finer line and get the uptrend touching 2 this Friday. By
the time the two cross the stock has to decide which line it wants to
follow. Both lines are steep. The uptrend is up to 2 1/2 the 1st week
of June. The downtrend is at one by then. Sometimes a stock just
goes sideways through the apex. Then it gets very tricky.

Keep your eye on that support.

Doug R
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