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To: SJS who wrote (11857)2/1/2000 3:34:00 PM
From: Alski  Read Replies (2) | Respond to of 14427
 
Steve,
I'll try to remember to check MCRL & TXCC tonight after I download EOD data. In the mean time, anybody got any comments on the new telecom and pharmaceutical holdrs, TTH & PPH?
biz.yahoo.com
Did we ever discuss the biotech holdrs, BBH? I don't guess the internet holdrs, HHH need much discussion.
Alski



To: SJS who wrote (11857)2/2/2000 12:48:00 AM
From: Alski  Read Replies (1) | Respond to of 14427
 
Steve,
MCRL is looking pretty good. Lots of techs said today was a buy signal. May be set up for some upper BB surfing. I'd be more excited about it though if today's volume had been a bit stronger. Check out the target lines from the low on 2/19/99 thru the highs on 7/12/99, 9/20/99, and 11/10 and from the low on 10/6/98 thru the low on 12/3/98 and the high on 1/26/2000. Looks like MCRL might be trying to jump into a new trading channel. Sure would be a nice entry point if it were to pull back and bounce off 70 right at the same time AG tells the market it can breathe again.

TXCC looks pretty good too, albeit a bit overextended compared to MCRL. A couple of the technicals are getting a bit too high, might need to build a base pretty soon. Check out the channel lines thru the lows on 10/20/99 and 12/15/99 and thru the highs on 7/12/99 and 1/3/2000. TXCC could use that old upper channel line as support for a new channel (at about 50 today) or it could turn back into resistance pretty fast. There's several target/resistance lines pointing at 53 right now too. On the longer term chart, resistance from the high on 12/28/98 thru the high on 9/13/99 looks like it could be a tough nut to crack (at about 56 right now).
FWIW...Alski