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

To: smahi who wrote (36875)	9/8/2000 2:14:52 AM
From: Doug R	Read Replies (1) \| Respond to of 79302

smahi, The technical strength exhibited by SPNS prior to the "news" that an unscheduled material event had become "known" did show that there was a substantially bullish interest in the stock. The "news" that there was an unscheduled material event did NOT specify what the "event" was. There was a definite kneejerk selloff due to uncertainty. That uncertainty still exists. The technical strength of the chart exhibited itself with the rebound today but the uncertainty remained evident as the price has edged off a bit over the last couple days. The uncertainty is now firmly present in the TA. I like stuff that my methodology tags as obvious. The SPNS situation is not now obvious. Doug R