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

To: Doug R who wrote (7195)	11/6/1997 3:41:00 AM
From: count gold	Respond to of 79308

Doug; would like to echo Kens Happy Birthday!!! Terrific thread you have here. Have a Blast in Annapolis!! Count G

To: Doug R who wrote (7195)	11/6/1997 8:01:00 AM
From: Samuel J. Bennett	Read Replies (1) \| Respond to of 79308

Doug; FRLN, Farallon Communications reported a surprise earnings on the upside. Follow this one. Could be a big winner in the next 6 months. sam getting ready to buy MLOG

To: Doug R who wrote (7195)	11/6/1997 8:32:00 AM
From: Dave H	Read Replies (1) \| Respond to of 79308

TA REQUEST: DRNK (currently at 3 3/4) Ok, my first request here, so I might be completely off-base. Anyway, as you suggested doug, I've now moved on to playing with stochastics. Here's what I see with this stock: THE TECHNICALS: 1) MAs: ALL (5,8,13,21,34,50,100,200) are in proper bullish alignment. On 10/31 they broke out from being converged into a proper spreading out, increasing formation. 2) RSI: ALL are increasing 3 day -- since 10/28 has made higher lows. Though right now it is maxed out (don't know what this means...) 13 day -- crossed 50 on 10/22, now up to 80 21 day -- crossed 50 on 10/29, now up to 70 34 day -- crossed 50 on 10/27, now up to 62 55 day -- crossed 50 on 10/22, now up to 80 89 day -- crossed 50 on 10/29, now up to 70 3) Stochastics: 4,3,2 -- since 10/10 (last low) has made higher highs, higher lows. crosed 80 on 11/3 21,13,13 -- uptrend from 10/10, just crossed 80 on 11/5 89,3,5 -- accelerated from low on 10/10, again crossing 80 on 11/3 (though now maxed out.) 144,13,8 -- steady uptrend from 10/10, now at 71 BOP: since about 10/27, BOP has been showing strong accumulation. Moneyflow also seems to support this. TSV: the 18 day TSV also supports this trend. On 10/17, TSV broke the '0' line which is a bullish sign. On 10/27, TSV retested this line but did not break below it, instead bouncing off it and now has steadily been increasing (it is now at 47). THE CHART: In june the stock made new highs at around 4. On june 24, the stock dropped rapidly to about 3 1/4 and since then has been basing, creating a double bottom but since 10/17 has accelerated rapidly through the first rally attempt and is now at 3 3/4. If the resistence at 4 can be broken, we could be looking at a major breakout. Since the technicals look pretty strong, this might be quite possible. However, the resistence at 4 means a probable testing period before breakout. So, what do you think doug? Thanks! -dave