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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Tom D who wrote (30703)	7/5/1999 6:21:00 PM
From: Doug R	Read Replies (1) \| Respond to of 79254

Tom, HMGC is most likely going to be a slow mover with widely spaced moments of upward jumps. It may be starting another jump here but it'll require stalking for volume and upticks. Doug R

To: Tom D who wrote (30703)	7/6/1999 5:17:00 AM
From: milesofstyles	Read Replies (1) \| Respond to of 79254

tom i took a look at lu, here's what i got i'll be monitoring the tops 7-24-98 to 1-8-99 line for strength, the other tops channel occurs from 1-8 to 4-9. also on the daily chart, i think it makes sense to play the hard right edge of the right shoulder or trendfollowing movavg. the break of the neckline on 6-21 was followed by an accumulation formation which is showing up in some of the volume indicators.it would be a major disappointment to see the hyperaccumulation area fail.some short term movavg's are tracking into that area as well. i'm not seeing any overbought situations that would warrant the july line from being unbreakable. the january channel, along with the possible treatment of a triangle bo, where the right shoulder is actually a retest both point to a move near term to the mid 70s, that's where i think the short term techs will also begin showing exhaustion, i don't bleev with the accumulation that any pullback is not going to be supported, i could see it hitting the target and setting up another continuation formation while the short term techs reset and allow the january upper channel to move away from the activity. milesov