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

To: bazan who wrote (36234)	7/14/2000 1:40:18 PM
From: Doug R	Respond to of 79383

Bazan, ADTK's IL is in the very low 30s. Typically, a stock that gets as high over the IL as ADTK did will find a sort of false support on the IL and bounce a bit from there. For the very nimble. it's a good place to consider covering and going long for a couple days. Once it tops out from that bounce...it'll go to the ACT. Down in the low 20s. RR should be just over 50% so from the ACT it appears that it will bounce right back up to the IL and find it as very stiff resistance around 34. Now...get out the manual and study those IL charts. Sheesh. Doug R

To: bazan who wrote (36234)	7/15/2000 7:12:48 PM
From: Doug R	Read Replies (1) \| Respond to of 79383

Bazan, More homework: KEI put in an ACT thereby initiating an IL construction. Since putting in the ACT the chart has proceeded to violate the IL. After the price high on 7/5 KEI gapped down to open just under the IL on 7/6. Since then it has struggled to climb back over the IL and can not do so. Monday's value of the ACT is 53 1/4 and is rising at the rate of 3 1/8 points per week. Time from ACT to price peak was 23 trading days. Avg. time to return to the ACT is 1/2 that from ACT to peak with typical time range of 1/3 to 2/3 of ACT to peak. Using a 2/3 timeframe would put the return to the ACT 8 trading days from now. The ACT will be about 5 3/4 points higher than it is now...$59. RR is calculated using the % drop from the peak to the ACT which for KEI is 48 points or 45%. An RR starting directly off the ACT at 59 would then take it to 89 1/2. Some decent movement in store for KEI. Doug R