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

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To: ivan solotaroff who wrote (7720)11/16/1997 12:57:00 PM
From: Doug R  Read Replies (2) of 79469
 
Ivan,

SCNI has set up a widening formation in the last 3 1/2 mos. A nice one too. It looks like it faked out a few people on 11/5 and 11/6. If the implied bullishness follows through, a buy signal would come on a move with heavy volume over 13 7/8. Friday's volume is interesting. It may shift to an ascending triangle before it goes or it might just up and break out. I'll GBTY (get back to you) with the technicals this afternoon.

Doug R
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