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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: Ocote who wrote (4345)	12/16/1997 8:49:00 AM
From: Dave H	Respond to of 4701

Ocote, you have hit the ground running -- keep up the great work; looks like you really are picking this stuff up fast! I think you've got a great sense for shorts too. btw, BLSC completed the mimbo when it returned to it's all time high. I agree about the chart...anything right now is going to be very short term. It's still got lots of downside risk, and it is still in the downtrend it formed after coming off the all-time high. Now if it could break out of the downtrend on volume, that would be promising. -dave

To: Ocote who wrote (4345)	12/16/1997 12:24:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 4701

Developing Head And Shoulders Pattern... Ocote: If you draw a straight horizontal line across the 4 3/8 area you'll see the support areas... I agree that volume is not exciting, but there is consistent slow accumulation of the stock... The overall chart pattern is forming into a Head and Shoulders... The right shoulder is currently being formed... A break to the upside would be very bullish... In the meantime, the great news of the Premier deal, tells me that there is a good probability of the upside breakout... Jim