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Biotech / Medical : SNRS- Sunrise Technologies

SNRS 0.00

Dec 18 4:00 PM EST

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To: majormember who wrote (1443)	8/10/1998 9:35:00 PM
From: Loren	Read Replies (1) of 4140

Here's an alternative TA look, for anyone interested... Weekly chart (longer-term traders) -------------------------------------- MACD histogram is rising... DMI has just broken above zero today... ADX is down, showing breakdown of downtrend... Interpretation: Stock is accelerating upward, but has not established a true uptrend yet. Daily chart (shorter-term traders) -------------------------------------- Major resistance point at 8.0... could bounce off, and retrace some of the gain of today... or could pop through... if it breaks through the 8.0 resistance level, may find minor resistance levels at 8.5 and 9.0. There will probably be lots of traders that will buy in if it breaks through 8.0. Since I do all my trades based on weekly data, I'm not buying just yet... I'll probably leave some money on the table, but waiting for ADX to go up (showing a true trend) increases my % accuracy, and accuracy is THE difference between a winning system and a losing system. IMHO... Loren

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