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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: stormrider1 who wrote (112702)	8/29/2000 6:01:32 AM
From: lee kramer	Read Replies (2) \| Respond to of 120523

Mike: We welcome honest disagreements about stock/chart interpretations. I gotta side with Nokomis's interpretation on IATV; the stock has had a severe decline and for several months has been in a trading range. Typically a H&S distributional top occurs after a sharp run-up; this does not appear to be the case in IATV. Take a look at the weekly chart; I see a 12-20 trading range after the long decline, now almost 4-months in duration. To me, this kind of action suggests an accumulation bottom prior to a subsequent mark-up period. When will this occur? I have no idea. I think the stock can be bought in the 12-14 area, sold on strength to 18-20. A move through 20 on volume would signal the beginning of a new mark-up phase. Keep the comments coming. (Lee)