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Strategies & Market Trends : The Rational Analyst

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To: ftth who wrote (969)	5/26/1998 12:05:00 AM
From: HeyRainier	Read Replies (1) of 1720

[ DDIM: Edited! ] Dave, I'm putting a pretty liberal trend line and am looking for a close above $16.25 to make the break clean and the next upward move more certain. I'm pegging the 50% retracement level at $25.73, and will be my target if I am able to acquire at the 50 or 89 day moving average. It's currently meeting some resistance from the Speed/Resistance line. Regards, Rainier PS. By the way, I agree its chart looks very much like PWAV's. The bullish characteristics seem to match those of PWAV's before that quick four point run, but the 50 DMA still isn't above the 89 DMA yet.

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