The 56 Point TA; Charts With an Attitude Message Board

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

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To: Kulnor who wrote (6821)	10/31/1997 10:20:00 AM
From: Dave H	Read Replies (1) of 79284

Looking at the chart, 4 is an area of strong resistance going back over a year-- around 9/20/97 was the last time (before current history) the stock was at this level, and then spent the rest of the time forming a large cup (with handle?) -- at any rate, it looks like if we can break out from 4, it's no looking back. Otherwise, Doug's prediction of a retest is probable. (and given doug's track record, probable is the operative word...<g>) However, this IS the third retest of 4 since first reaching 3 15/16 on 9/15..... Over 1 million shares traded in 1/2 hour is quite impressive! It'll be quite interesting to see how it plays out! -dave

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