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Strategies & Market Trends : Bill Wexler's Profits of DOOM
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To: Druss who wrote (613)4/7/1998 4:38:00 PM
From: Jim Roof  Read Replies (2) of 4634
 
HEPH's chart shows support at 15 (look at the triangle consolidation and you will see the 'point' at 15). The breakout of the consolidation was followed by a pullback to 15. This is very typical price action and portends no bearish sentiment. I would expect a move to at least 20-21 in the coming weeks. This chart still shows strength regardless of the fundamentals.

This is a technical formation that is about 75% accurate in its predictive value.

Jim
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