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To: MIKE REDDERT who wrote (17075)11/17/1999 9:43:00 AM
From: FNS  Read Replies (2) | Respond to of 29970
 
Mike, re < technicians are "tuned in" to that line.> Thanks! 47 will be a buy signal and 51 will reverse the trend line to positive, assuming we don't get a 3 point reversal on this run up!

Regardless, the chart looks good and fundamentals are looking better...now for T to follow up and get the show on the road...AOL eating my lunch... go ATHM!

FNS



To: MIKE REDDERT who wrote (17075)11/17/1999 5:51:00 PM
From: Steven Ivanyi  Read Replies (1) | Respond to of 29970
 
<<The 46 5/8 area is the declining tops line with the greatest resistance, as it has failed there several times.>>

I agree with you that this area has a lot of resistance, but reviewing my charts I still feel that the 50 mark is a milestone resistance level because firstly, it could be a potential double top which makes traders nervous about buying and secondly, 50 was a major area of support in previous year, so consequently, it is now a major resistance level.

The 46 5/8 level is significant but it going to be easier to push through this area than the 50 mark. That is if the stock does do it at all.

Regards

Steven