CHARTS AND TA, A UNIQUE APPROACH Message Board

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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH

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To: Rambi who wrote (1192)	11/8/1997 1:21:00 PM
From: stan s.	Read Replies (1) of 1391

PETD, Penni, here's the chart. I'm wondering if the jump Friday wasn't as much as a result of the secondary being over, as the earnings report. geocities.com I show earnings for the qtr. being .12 versus Zack's estimates of 11. Was the 9 month doubling of '96 expected? Admittedly I delved no further..I concede I'm a bit shallow...especially when it comes to other people's stocks... As for the chart...nice support at 6 1/8 dating back to the basing pattern in late August. Note the beautiful rise off the Bollinger squeeze with the accompanying MACD buy back then. Support also is pretty much in line with the completed offering. PETD picked up a slew of momentum buys on Friday...the safer MACD has flattened and will turn up with any positive price movement. Accumulation started on Friday but has obviously not been an ongoing circumstance. Some irritating points of resistance in the 8 1/4 and 9 1/4 territory...pretty clear then to 10. This looks like a pretty good move....the sector's getting good play, I like the chart...the market is a bit worrisome. Remind me and I'll update the chart as needed. Good luck...I should be outside playing!!!! Beautiful weather. Stan

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