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To: Larry Brew who wrote (12916)9/5/2001 9:10:14 AM
From: richard badauskas  Respond to of 13157
 
We seem to be building a small "head and shoulders" reversal pattern which started in June. Seems as if the right hand shoulder is now building (with underlying support at $2.50). We should see confirmation of this with multiple days of higher volumes. A breakout to around $3.50 on volume should signal a new up trend with a target of around $5.00.

We should still have several weeks of backing and filling on the right shoulder and we need to watch our overall indicators such as NASDAQ composite for confirmation. If NASDAQ falls to a new low we are in trouble.