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


To: invoman who wrote (8359)11/25/1997 2:31:00 PM
From: Doug R  Read Replies (2) | Respond to of 79378
 
Invoman,

ACAT is in the same position as ABTE was last Wed. chartwise. (Moving up off the retest of a MIMBO). I think the float will slow it down some though. It looks like it will check out at least 12 in the short-term.

The original uptrend is defined by the lows on 10/18/96, 3/13/97 and 4/21/97. That trend is still intact.

The technical profile is somewhat weaker than that for ABTE so although there is decent upside potential, the risk is a bit greater.

Doug R

Doug R