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To: RADAR ))) who wrote (2146)11/23/1997 1:47:00 AM
From: Doug R  Read Replies (1) | Respond to of 2403
 
Radar,

GOTH is going to be very tricky. The breakout line of the HTF is drawn across the highs on 10/1 and 10/14. I suspect when it breaks out it will be on a relatively large gap up and that would somewhat diminish the potential and shrink the window of opportunity timingwise. The only other way to play it is to buy now and risk a breakdown. Of course you could watch the 2, 1, 2 SMI and/or the 2 and 3 day RSI's for a pre-breakout signal that would likely be an IH&S breakout in the indicators. It could take off on Mon. It could retest a short-term breakout as well. There's a hinge in the short-term stuff that starts a bit low so I get a caution light on it for now.

The MIMBO on GUCO is very fresh. Most do a retest and most have a longer term MIM. There are exceptions however and GUCO would put up a BOBS if it got over 3 1/8 on heavy volume.

Doug R