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To: Larry J. who wrote (34602)11/11/1999 3:02:00 PM
From: Doug R  Respond to of 36349
 
Larry,

The most current uptrend line will be at 14 3/8 tomorrow. IF this immediate thrust is to continue with the same strength tomorrow, I would expect 14 3/8 to hold. AND once again...this current trendline is too steep to be maintained so when the move is over an anchor for the next trend acceleration will be established and it starts the whole process of setting up technical patterns and formations leading to the next breakout. $15 is not any kind of significant price on the chart here so I can't say anything about what it might do in and around that immediate area.

Doug R



To: Larry J. who wrote (34602)11/11/1999 3:08:00 PM
From: Doug R  Read Replies (1) | Respond to of 36349
 
Larry,

The most current reasonable uptrend line will be at 14 3/8 tomorrow. (10/29 to 11/10 lows) IF this immediate thrust is to continue with the same strength tomorrow, I would expect either that line or the very immediate line from the low on yesterday to the low on today's bar (at 14 9/16 tomorrow) to hold. AND once again...this current trendline is too steep to be maintained so when the move is over an anchor for the next trend acceleration will be established and it starts the whole process of setting up technical patterns and formations leading to the next breakout all over again. $15 is not any kind of significant price on the chart here so I can't say anything about what it might do in and around that immediate area.

Doug R