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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: JKraft who wrote (10568)1/15/1998 8:27:00 AM
From: Dave H  Read Replies (1) of 79273
 
Hi Joanie,

Thanks for the warning on ABTX; I have no doubt this one's going to have a great year; right now though I think there is an opportunity much the same as what we saw happen to RADAF or even RECY. I see an exhaustion peak forming that is taking multiple waves -- but unless there's another batch of news and upgrades, I see buyers running out and temporarily sellers will take over.
19 was where I saw the battle line drawn initially; each run over 19 quickly fell back. Now we are seeing a similar battle at 18. On a "hot" stock like this it seems that you will see buyers jump on every price dip until everyone who wants to buy has bought. I think there will be a 2-3 day window to take profits on the drop, but I'll be watching this one closely and will be out quickly! (having doug on board helps a lot too!! ;))

-dave
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