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: Esteban who wrote (9171)	12/11/1997 7:42:00 PM
From: ChrisJP	Read Replies (1) of 79378

Hi Carolyn and Esteban, Don't look at trading today as an indicator. Only 9800 shares were traded. If you look at the trading log, it will look very strange. MMs moved the bid and ask up even when there were sells. The spread between them is also big. I say look for 30,000+ shares, mostly buys to tell if earnings are going to be good. The move may happen tomorrow or Monday if things are good. If I find out anything before then, I will post on the 56'er thread and the MLOG thread. Estaban, this August, MLOG moved from 4+ to 6+ on their earnings news. The stock has not fallen below 6 since then. If there is buying euphoria on this quarter's report, then expect a pull back. It's only natural for some profit taking to occur. Regards, Chris BTW, the 600 share purchase @ 6 1/4 at the open today was mine.

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