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

To: Warthog who wrote (36357)	7/28/2000 8:06:39 PM
From: Warthog	Read Replies (1) \| Respond to of 79500

<font color=OrangeRed>Will ADTK do RR?? </font>

To: Warthog who wrote (36357)	7/29/2000 12:33:17 AM
From: Monty	Read Replies (1) \| Respond to of 79500

Wart This is great! You're making me dig deep!!! I hope you aren't putting much stock in my opinions here but I am enjoying the challenge. ADTK Classic recent H&S (as I am sure you are well aware) with descending volume verifying the pattern. It has broken down below the neckline for the second time and as you said,is now sitting on the ACT. Today it also filled that little gap from 6-9. There is the support of the 89d EMA at 27.84. Short term MACD (5-10-4) oversold. Short term RSI and Stocs nearing oversold. But 62% retracement gives a target of 26........ (How's this for going out on a limb on national TV?) Second break below the neckline, small float, thinly traded with descending volume, support closeby but support holds pretty well in bull markets. Resistance works well in a bear market. I don't see how it can do anything but test 26 in the short term....Longer term it could go much lower. No RR IMHO........ And I know you will bet the farm on this opinion. >>>g<<<< Whew!!!!!! Ok Now! Throw me a bone guy!!! What Do You Think?????? Monty