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

To: bdog who wrote (34860)	4/2/2000 9:11:00 PM
From: JBH	Respond to of 79269

bdog..LOL... Hey! ya just never know....a crushed wick and a corretion back to the ONLY seeable support line on a longterm basis might be somthin' to look at. I really wish we would have had more time to talk. The beauty of it is we can "extend it out into the future" Can't wait until the next time,,,, I'll be there, Count on it :) JBH

To: bdog who wrote (34860)	4/2/2000 9:51:00 PM
From: JBH	Respond to of 79269

bdog.... "only Seeable support line" it will be interesting to see what happens. So far it looks like that line may represent all the accumulation that has taken place up to this price level with no long term folks wanting to sell below that area and wanting to add anywhere below as well. As Doug says..."you never know what the "smart money will do" My feeling is that as long as the smart money likes the stock and holds....the float accumulation to this point will stay intact which will correlate to the new price level supported here. The line seems to correlate on the weekly with the supporting candlestick at the gap as a pivot point from the anchored area (1 year ago) extended ontop of that candle up to where we are now.. Another interesting thing is that the stock tried to hold support on top of a longerterm weekly candlestick wick....but could not hold....it then prceeded to crush it down to where it has found support on top of a solid bullish stick with the line extended to where the price level now seems to be putting in a bottom. The coincidence just seems uncanny. Whether it will hold...guess we'll find out. Much will depend on what the co. can offer as quickly as they will offer. Of course, that will be part of the gamble But again the period of accumulation, I beleive comes into play here. So far the line seems to be offering support. Will be interesting to see what happens, JBH