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

To: bruce-l who wrote (34568)	3/10/2000 10:29:00 PM
From: Marshall	Read Replies (2) \| Respond to of 79227

Pardon my intrusion, I'm basically a fundamental investor but a friend commented that the chart of this stock looked familiar and I was wondering what you thought: quote.yahoo.com

To: bruce-l who wrote (34568)	3/11/2000 5:45:00 PM
From: Doug R	Respond to of 79227

Bruce, MITK: Them's some awfully steep lines. I gotta go with 17 1/2. The 15 1/4 you have uses Monday's value. The price moved so well on Friday that it stopped at the line. Since that is a target line there's the possibility that that's it. It'll depend on the next open. If it's going to 17 1/2 I'd expect it to open over 15 1/4. There's an uptrending IHS neckline on the 3 dRSI at 97.7ish on Mon. That gives the price room to go. The RSI could paste again as the price climbs for 3 days to the next line after gapping up Monday. Or the price could just smack into 17 1/2 on Monday instead in which case a rapid selloff should be expected. I think a nice sell limit at 17 1/4 or so would work here. nice entry, Doug R PS...if you exited already upon seeing it reach the Monday 15 1/4 line...nice exit too.