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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: Linda Kaplan who wrote (2720)11/20/1997 4:59:00 PM
From: majander  Read Replies (1) | Respond to of 23519
 
Hi Linda,

There is a great article in the NOV. issue of T.A. of Stocks and Commodities on Weekly Reversals. This is what occured last week and the only exception is it was not an outside reversal, but still clearly a reversal. There has been shown that 77% of the time this results in a trend reversal. However, one must also be careful to look at key support and resistance before making any conclusions and to also consider multiple indicators to verify your conclusions. For what its worth I believe the next few weeks will confirm that the short term trend has changed to positive and you may yet collect on your options. I wish you the best in any event.

good luck,

john