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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Densiebj who wrote (38483)2/12/2001 3:44:28 PM
From: Doug R  Read Replies (4) of 79398
 
Well MTON cracked today. At 29, current "stickiness" is where expected RR will go after it goes down to the ACT. This activity can be used to initially verify that RR will occur.
The IL is at 24 3/4 today moving parallel to the ACT. Both go up 1/16 per day. Sometimes there is support found on the IL on the way down. In MTON's case IL support could be followed by a brief bounce back to 29 before the final move down to the ACT.

Doug R
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