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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (33525)	8/25/2001 2:46:02 PM
From: besttrader	Respond to of 37746

RESP was in thur or fri's IBD New America section. They do sleep apnea machines. RESMED (RMD) also does that as well, and their chart is very strong too. I have been stalking RESP and was wondering if they were going to form a handle for their cup. They only had 6 candles in their handle, but I thought that they needed a few more. The handle looks kind of short, but maybe that is good enough. What do you think of the handle situation? There was pretty good volume on the breakout of 35, but not stupendous. Are you long this stock now? I wonder if it will keep going Monday, or maybe have a false breakout. Maybe it could just test 35, and sit there for a day or three, then take off. I will watch it closely and will probably go long if I like what I see Monday. (If this breakout is for real, 40 is a pretty easy first target I believe).