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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: TLWatson59 who wrote (14363)	11/6/1997 9:41:00 AM
From: TLWatson59	Read Replies (3) \| Respond to of 55532

OPENING MORNING TA: RMIL - May continue price correction to 2 /58 - 2 3/4 retracing 50% of recent rally to 3.75. Drying up of volume on downside would be positive sign. I kept staring at the chart pattern last night in amazement. First time in along time that I've seen one with goal posts so pronounced as these. With the signifcant breaking of the downtrend four days ago the uptrend continues unless some shocking news unnerves the traders or a new up trendline is established and then violated. Conversely barring any surprising positive news the stock should back and fill between 2 5/8 and 3 1/2 and then make a new move to a higher upside trading level. Good luck to all. TLW

To: TLWatson59 who wrote (14363)	11/7/1997 9:24:00 AM
From: TLWatson59	Read Replies (2) \| Respond to of 55532

RMIL Pre open TA: Gap has not been closes at 2 1/4. Today's market action should prove to be interesting challange to both bulls and bears. Bulls - need to show support 1 3/4 - 2 1/4 area; Bears need to penetrate 1 3/4 with heavy volume. Yesterday's trading left something to be desired as far as evidence of a climatic sell off and reversal. I would have been more impressed if the close were closer to the day's high and the volume on the rally at least equal to or exceeded the early downside action. The uptrend is still intact and will remain so until the trendline now at the $2 level is broken and any ensuing rally fails to generate heavy upside volume. Good luck to all. TLW