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Strategies & Market Trends : today's chart

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To: Bill Sandusky who wrote (477)	8/29/1997 8:31:00 AM
From: FIFO_kid2	of 1267

Short term-since May Thermwood AMEX:THM has been trading in a channel with an upward bias. Since I expect some news on this stock probably next week and I anticipate it to be positive, I expect THM to trade minimally back to the upward spectrum of the channel which is also the 52 week, 2 and 3 year highs at 2 5/8 to 2 3/4 of which is a definite resistance level. If news is spectacular there is the possibility of breaking out of the channel and over the 2 3/4 resistance level. Fundamentally, the stock has been doing well for a fairly long time and if it continues it is due. Volume continues to be low.

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