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

To: michael d kugler who wrote (8809)	12/6/1997 1:31:00 PM
From: Doug R	Read Replies (3) \| Respond to of 79296

Mike, HB's chart is a cup with handle. The handle is shaping up nicely and the technicals here are promising. All the shorter moving avgs. triple bottomed on the 200 dMA and are now in bullish configuration. The 89 day MA/MLR is approaching a crossover which would likely occur on a breakout. The line to break is 48 5/8. Of course the breakout must occur on heavy volume. At a current price of 46 3/8, it shouldn't be too difficult to wait for the breakout. Waiting is advisable since prior to a breakout, a cup with handle is really nothing more than a double top which is why a break over it is usually very bullish. HGGR's technicals are waning. A preliminary technical sell signal is on the verge of confirming. Doug R