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: Al Greenleaf who wrote (9169)	12/12/1997 9:15:00 AM
From: Dave H	Read Replies (1) of 79377

Al, Pier one is looking pretty good again to me -- they just released earnings and beat street estimates. 3rd quarter of accelerated earnings growth. Also, PIR just closed at what I see the last major line of resistence it has in the near term: connecting highs from first half of 1996 & august 1997 you see the line was at about 23 (maybe a shade under) yesterday. If Pier One has another strong day today with strong volume and a close over 23, I'd say (assuming no bear market) this one's going to 40 as soon as any of them. what do you think? -dave

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