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

To: Sandra who wrote (7175)	11/5/1997 11:00:00 PM
From: Ocote	Respond to of 79372

TAU--GSII This one is not ready yet, but I thought I'd give an update. Originally posted on this when it double bottomed in early Oct. and deasily broke through resistance at 4.75 to move above downward sloping resistance. Since then has been basing nicely at 5, unfazed by the late October plunge. Now is being squeezed into tighter ranges between the support at 5 and the downward sloping 200 dma at 5.35. The TSV MACD and long term SMI's look bullish to me, but the short term SMI's have no support. The MA's are not alligned correctly and especially, we're below 200 dma. Something will happen to resolve the triangle, but, alas it may be a breakdown of support. Doug already said it will need to break above the next resistance at 7.43 to have a worthwhile breakout. Will keep watching and learning. Hope to have a few more tools in hand to contribute after Dec 13. Ocote