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: John_W who wrote (8091)	11/21/1997 12:46:00 AM
From: Instock	Read Replies (1) of 79450

John: INFU is VERY over bought. It is thinly traded. When it drops, it will drop fast. No brokerage recommendations, bad earnings, lots of debt, several investment sights call it a sell. INNOVEST, bby Dow Jones News retrival calls it a sell INNOVEST INFU-TECH INC. (INFU) CLOSING PRICE ON 11/19/97 - 5 3/8 TECHNICAL OPINION - FIRMLY BEARISH THE INNOVEST RATING IS TO SELL THERE ARE FIRM TENDENCIES FOR A NEAR-TERM PRICE DECLINE. INITIAL DOWNSIDE SUPPORT CAN BE EXPECTED AT 3 33/64, NEAR THE 50-DAY PRICE AVERAGE. UPSIDE PROJECTIONS FOR OVERBOUGHT ARE 4 3/8 TO 4 43/64. ----------------------------------------------------------- We might see $4.00 to $4.50 very fast and soon! Scott

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