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To: Larry S. who wrote (48269)	5/22/2003 2:45:12 PM
From: chowder	Respond to of 53068

Larry, It looks toppy because it is trending higher. The chart doesn't excite me but, it isn't indicating a reversal at this point either. The price is moving rather nicely on low volume. Usually this is a negative. However, in the case of TE, it has very little overhead supply in this price range. Since the selling pressure has been released, it's having an easier time of moving up on low volume. I see it consolidating more than I see it pulling back. This could change in a day or two but, that's how I see it today. It has some resistance at 12.40 - 12.50 and has what should be considered as strong support at 11.50 - 11.60. dabum