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

To: Magnifique who wrote (1319)	12/1/1997 10:53:00 PM
From: stan s.	Read Replies (1) \| Respond to of 1391

IOM, PLAT................................................. IOM, if it can decisively take out this area at 33, next significant chart resistance is around 46. Indicators are generally overbought but in and of itself that's not a bad thing, these updrafts can last awhile... The spinning top today indicates some hesitancy. You might use the yellow trendline as support.... a close below it would tend to indicate a drop to 31..and possible short term pause. Otherwise, if it continues to close above it, it has no choice but to keep going up. geocities.com PLAT, appears to be basing. Bollingers beginning to narrow, the range for now looks to be in the 25-27 area. A spinning top here as well, doesn't really have a short term direction, overall still a bullish chart. I'd like to see the Bollingers narrowed more for a little longer basing pattern...a good pop could be the result. geocities.com Good luck, Stan