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

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To: ivan solotaroff who wrote (4433)	12/26/1997 10:51:00 AM
From: Dave H	Read Replies (1) of 4701

Hi Ivan, ROMT looks like there's just some short term profit taking going on -- as long as it closes at or above 2 3/4 and doesn't break 2 23/32 intraday the AT is still intact. I'll be watching this one closely too though. RECY looks very weak in my opinion. I did come up with another uptrending line for support using the lows on 10/28 & 12/12 that is probably what is giving RECY the slight boost today (yesterday it closed right at that support line.) RECY is currently being squeezed by that support line and the downtrending line from the tops it made on 11/21 & 12/8 (& confirmed again by 12/19 & 12/22 highs which never even made it to this line...) These two lines look to intersect next week sometime, perhaps making it into the new year. regards, dave PS -- any good kitties to be watching the next week? I'm looking to start learning the fine art of dead cat bounces...;)

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