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Strategies & Market Trends : Charts With An Attitude; Trading In & Out

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To: Ocote who wrote (4345)	12/16/1997 12:24:00 PM
From: James Strauss	Read Replies (1) of 4701

Developing Head And Shoulders Pattern... Ocote: If you draw a straight horizontal line across the 4 3/8 area you'll see the support areas... I agree that volume is not exciting, but there is consistent slow accumulation of the stock... The overall chart pattern is forming into a Head and Shoulders... The right shoulder is currently being formed... A break to the upside would be very bullish... In the meantime, the great news of the Premier deal, tells me that there is a good probability of the upside breakout... Jim

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