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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (7310)	11/17/1999 4:02:00 AM
From: SkyDart	Read Replies (1) \| Respond to of 10081

BUY SIGNAL: BREAKOUT ON 10x VOLUME: MACD/OBV/RoCh BULLISH DIVERGENCES. This time looks different.....Reverse Head and Shoulders Neckline breakout on High Volume.... In reviewing the charts, I prefer the Elder Analyses [ie looking at computerized indicators---Rate of Change, MACD, OBV etc] to classical chart patterns; however we are seeing IMO a major trend reversal based on Classical Analysis [confirming the computerized indicators discussed in my last post]. We see a Classic Reverse Head and Shoulders Breakout with the neckline at 2.00, the head formed in October 99 at the lows and now a breakout [with false pullback failure]on 10 x normal volume. I don't call these reversals often; The last time I called one was a similar chart pattern in UPR [Union Pacific Resources] when it broke through its neckline on 10 x volume through 10.0 price. It went all the way to 19 3/8. (( SEE UPR THREAD: POST # 13: MARCH 25, 1999)). Reversing a trend happens with many head fakes and only after most people have been so burned in a prolonged downtrend that they don't believe the dog could ever bark again. Then it turns. Like clockwork..... Just my "humble" opinion. I am holding... Dart