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Technology Stocks : Metro One Telecommunications--MTON -- Ignore unavailable to you. Want to Upgrade?

To: Eric Van Buskirk who wrote (224)	11/10/1997 3:18:00 PM
From: Doug R	Read Replies (2) \| Respond to of 608

EVB, We've all just returned from a weekend meeting in Annapolis. I'm getting started on the MTON chart now. Back in a few, Doug R

To: Eric Van Buskirk who wrote (224)	11/10/1997 3:44:00 PM
From: Doug R	Read Replies (2) \| Respond to of 608

Ok, I'm back. The original uptrend that was broken by the 10/27, 10/28 market drop has been broken again as of today. The price was able to get right back on this uptrend immediately after 10/28 which was a hopeful sign. Now the stock has failed to follow through with the return-to-uptrend. The low on 10/28 will now define the active uptrend in reference to the low on 5/7 unless MTON can regain its footing on the previously returned to uptrend that was broken today. One remaining chart possibility is that the low on 10/28 will become the first point in an accelleration from the uptrend set up by the 5/7 to 10/28 lows. I expect that this will be the case with the now broken uptrend becoming resistance. This would establish a 1 1/2 point wide channel with a bottom that reaches 8 and a top that reaches 10 in early January. It looks like MTON is undergoing an attitude readjustment but I will still hold for the long-term unless the 5/7 to 10/28 line is broken. Doug R