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

To: Dave H who wrote (9259)	12/14/1997 7:03:00 PM
From: James Strauss	Respond to of 79378

RECY... >>>A good line to use could be the one Jim has mentioned as strong support at 6 1/4 -- watch RECY and see if intraday it makes below this support -- even if a trade goes through at 6 7/32 it has broken this support and that would be for a second time. If however, the lowest trade happens AT 6 1/4 but never falls lower, then this support line gets confirmed once again.<<< ************************************** Dave: The 6.25 trendline is based on closing prices... To me, the closing data is more important... So, even a drop below 6.25 is not significant as long as the close is at or above 6.25... The same was true when making new highs... All the intraday highs, while interesting, weren't as meaningful until a close above the old highs... When the RECY great Fundamentals start being registered again by investors, RECY will move to the next pricing plateau (9.00 to 10.00)... Jim