The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Michael L. who wrote (16835)	5/13/1998 11:11:00 AM
From: Dave H	Read Replies (1) of 79378

Michael, re GTAX -- It looks like GTAX is pretty strong right now; the last two days have had pretty good volume (better than the 3 month average) and today has already half that volume, so I'd have to say volume is so far supportive. Since GTAX is at an all time high, there's no overhead resistance anywhere to be able to safely guess where this rally will end. Lots of upside potential though, and I don't see any breakdown in the TA that would make me think the end is near...If you are still short I'd be very careful. Stocks can remain above the IL for quite some time. -dave

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