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Technology Stocks : Research Frontiers (REFR)
REFR 1.623-12.1%Nov 17 3:59 PM EST

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To: Ted Campbell who wrote (591)2/10/1998 8:10:00 PM
From: Paul M.  Read Replies (2) of 50170
 
Ted,

I just looked at the REFR chart in Metastock. To me, it looks like that downtrend line you mentioned was broken more decisively than 1/4 point. I see closer to 5/8 to 3/4 above the trendline, all with today's trading.

Not only that, but the price has moved decisively above the 50-day and 200-day moving averages. Another technical good sign.

Let's wait and see. But I believe we could be on the way to a solid 6-month upmove before a correction occurs.

Paul
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