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Gold/Mining/Energy : Manhattan Minerals (MAN.T) -- Ignore unavailable to you. Want to Upgrade?

To: TrueScouse who wrote (2628)	6/27/1999 3:48:00 PM
From: Mark Bartlett	Read Replies (1) \| Respond to of 4504

Howy, <<The monthly chart still shows resistance around $7 and good support in the $5.00 to $5.50 range. I would still expect it to trade between $5.50 and $7.00 for a while, but if they report good results for step-out holes on TG1 or anything similar to the TG1 intercepts for TG3, all bets are off!>> I agree Howy - although I do expect to stay above 6+ until the next news is out. IMO if we get through 7 with good news, 9 bucks will be the next leg up ..... through that ..... well - not sure - going to depend upon the numbers. Take care, MB

To: TrueScouse who wrote (2628)	6/27/1999 3:51:00 PM
From: Not_Active	Read Replies (2) \| Respond to of 4504

I have to agree on your longer-term assessment, Howy. In the short term, I'd appreciate any comments on my technical update that follows: After a touch of the 20 period ema on the 60 minute chart on Friday, MAN moved up and looks ready to test the recent intraday high. The ideal scenario for anyone long the stock would be for the price to move smoothly through the recent high and to close above it. The troubling scenario would be for price to test the highs, perhaps even make a new high, but then immediately fall back between the highs and the moving averages. If this formation occurs (called a TraderVic 123, 2B top), a short-term sell signal will be given to those trading the stock, with the first downside target being the 20 period moving average and the second being the base of the recent flag/triangle consolidation. This scenario occurred in late January when the price 2B'd off the high of 3.65+ and support failed, sending the stock back into the mid-$2 range. There's no way of knowing which scenario is more likely, and it just remains to be seen whether sellers materialize at the high. But, I thought those who are trading some shares might be interested in watching the price action as it gets to the high. A chart of the January 2B action has been posted at intelligentspeculator.com More information and references for the TraderVic 123, 2B pattern can be found at intelligentspeculator.com

To: TrueScouse who wrote (2628)	6/28/1999 5:36:00 AM
From: TheBusDriver	Respond to of 4504

Hi Howy I agree we have support in the $5.50 range...but we also are BUILD some pretty good support in the $6.25-$6.50 range also....resistance at $7 is real without news...with good news 7 will fall without a problem....then I agree with Mark...$9 is probably the next point....I think we are going to have very strong resistance at $9.5-$10, news or no news. This will be a pychological barrier. How many longs out there have planned to sell at $10?<grin>.... All the best wayne