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

To: invoman who wrote (7166)	11/6/1997 1:02:00 PM
From: Doug R	Read Replies (5) \| Respond to of 79308

invoman, MCOM gapped up through major downtrending resistance on 10/13. It's currently sitting on that line using it as support. Last week's market fall took it under it again but it has recovered nicely and has gone back to the retest phase of the breakout. Watch the volume on any move up. If it's strong volume, the price should trend back to the low to mid 30's. in a year or less with the usual ups and downs along the way. It should give it a try in a couple weeks or less. The technicals need a bit of time to finish turning around. Doug R