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

To: freelyhovering who wrote (31698)	8/21/1999 9:55:00 PM
From: milesofstyles	Respond to of 79230

myron not a lot of concern here. the drop off in price on light selling isn't something to be overly concerned about. price falling on heavy volume? that's a different story. think everybody left after their martini lunch friday, lol. seriously, i don't see any damage even to the short term technicals here yet. most of the very short term indicators have not lost any trendlines so far. weak volume on monday could result in a retest of the bo and possibly the real short term to lose a trendline or 2,in that case, just protect against the failure of the bo. volume stronger than thursday's will probably launch this thing, considering the additional room created here by those real short term technicals and still evident intermediate strength. the stock had similar activity to what occurred friday on 4-20, and previous to that 10-20...so my main concern really is to monitor only for the bo failure. mileslongov