Set the Controls For The Heart of the SUN Message Board

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Strategies & Market Trends : Set the Controls For The Heart of the SUN

IQ 2.020

-1.2%

Jan 14 3:59 PM EST

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To: rustyjack who wrote (318)	6/3/1997 9:25:00 AM
From: Doug R	of 1156

Ron, Got any new hunches? I constructed the money line and the impossible line for ELGT. The two lines cross (as they always do with the impossible line outpacing the money line) early next week at 2 7/16. I don't think ELGT is as explosive a situation as MVSI was so it probably won't ignore one or the other of those lines. These are the same type of lines that applied to SLHT ond ONPT. If the price can hold off a couple weeks then break through the money line, it could go after the impossible line which starts to go above 4 in about 2 1/2 weeks. The existence of these lines in no way means the price will reach them. They do however frequently define an intermediate to long term top on stocks that appreciate rapidly if they are reached. Doug R

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