Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (1492)	6/5/1997 5:22:00 PM
From: Robert Graham	of 42787

Hello Chris! It looks like you may see your prediction on TLAB come true albiet through a more circuitous route. I suspect that what has been complicating this picture is that TLAB is being buffeted around by the market lately. I wonder if the oversold indication given by RSI enhances a stocks vulnerability to be influenced by the current market action?? Something to consider. Even though TLAB dropped through the trendline which represented the bottom side of the pennant, it bounced off of another trendline and remained within its original upward.trend channel. I did not consider t his possability even though I have seen trend channels resumed after the stock took a "detour" many times. Any thoughts on this? Bob Graham

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