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

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To: RADAR ))) who wrote (7791)11/17/1997 2:31:00 PM
From: Doug R  Read Replies (1) of 79477
 
Radar,

FTEL has to have something going for it, it spent 20 trading days above the IL. There's no real MIM in the chart I have anywhere. It goes back to 5 16/94 and since then the price didn't have any high from which it backed down to a serious low over a long-term period. The recent run-up to over 10 precipitated a pullback and it seems to run in 7-8 day periods just starting a new period today. If the pullback is halted here in this period, that would be a positive.

Doug R
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