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

To: Tim Oliver who wrote (7319)11/7/1997 2:50:00 PM
From: Doug R  Respond to of 79313
 
Tim,

The IL is at 5 1/2 today. The drop in the last 2 days may not be the entire reaction. 2 likely places for the bottom of a reaction are 4 5/8 and (gulp) 3 11/16. Once the reaction is over, it should go after 6 again. The bottom of the reaction will be an excellent opportunity to initiate a position or add to an existing one.

Doug R


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