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Microcap & Penny Stocks : Electronic Clearing House Inc

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To: SIer formerly known as Joe B. who wrote (408)	12/2/1998 7:49:00 PM
From: stockycd	Read Replies (2) of 1038

All, I hesitate to even try and TA ECHO but I've found some interesting items I'd like to share. I find it very coincidental that the intraday low of today was exactly the intraday high of 7/21/98. It looks as though resistance may have turned into support. If we fall through 1 7/8, I would expect support at 1 1/4-1 3/8. In order for the short term consolidation to stay in tact, we need to get back up to the 2 5/8 area. There is a very short term trend line form by connecting the intraday lows of 11/25, 11/26, and 12/02. Any break of that would signal lower prices. A move to the upper 2's would signal that the consolidation is over and a continued move up would resolve the pennant. This is also very interesting because CNKT seems to be doing almost the exact same thing. This is not a recommendation to buy or sell. These opinions are my own. Chris

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