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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Sosmartinov who wrote (51862)	6/24/1999 8:32:00 AM
From: stan s.	Respond to of 90042

PTEK, If this stock is making a short term directional change, I have initial resistance pegged at 15 1/8 to 15 1/2. If it gets there and breaks over you'll have a double top break with sights then set on 18 1/2. A lot will happen between now and then to change the landscape. Remember, PTEK is only showing the beginnings of a potential turnaround, it is very weak and is not a buy under any safe circumstances, it is very speculative. I don't think Point and Figure would touch it 'til it breaks over 15 1/2. As for longer term outlooks, you should look to weekly charts, they condense 5 days of data into one. From that perspective PTEK is still (but just by a hair) holding on to a longer term uptrend...but can't give any more ground this week. Most sites now have weekly charts as well. Stan