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

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To: Instock who wrote (2051)8/13/1997 3:33:00 PM
From: Doug R   of 79292
 
Instock,

It's about time MVSI gave the technicals a breather! It's now oversold for the very short-term. I'll have a better idea if it will continue up after the close. There's alota juice left in the intermediate and long-term profile. I'll look for technical resistance and patterns that could be broken to the upside that would lead to a new breakout in price. There IS a nice downtrend waiting but the value at which the break needs to occur won't wait around too long.

Doug R
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