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Strategies & Market Trends : CHARTS AND TA, A UNIQUE APPROACH -- Ignore unavailable to you. Want to Upgrade?

To: jpmac who wrote (1316)	11/27/1997 2:05:00 PM
From: stan s.	Read Replies (4) \| Respond to of 1391

GTIS, the blue vertical lines indicate 3 times that the momentum indicators pulled out of oversold...touching off rallies that failed to hold over the down trendline (yellow). geocities.com Subsequently.... support lines were broken, in all cases. Momentum indicators are predicting another attempt...any up close tomorrow will pull GTIS out of oversold and....will result in the first close over this yellow line in weeks. Because of it's proximity to the line this would appear to be it's best chance. As you can see...in reality all it needs to do is hold above 7 3/8 or so and the trendline will be irrelevant in a couple of days. First resistance is about 8 3/4....a hold or short term pop does not yet give indication of a whether this would result in a climb or a basing pattern. Could be a good risk right here....IF one thinks the fundamentals are strong enough to support the indicators inclination towards a short rally. If I loved ths stock (I know nothing about it) I would be considering a purchase here despite the risks...i.e. the recent failures, perhaps waiting long enough to feel fairly confident of some strength tomorrow. There should be enough if, ands or buts in the above to satisfy anyone. Stan