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

To: Mark[ox5] who wrote (9501)	12/20/1997 11:15:00 AM
From: ChrisJP	Respond to of 79382

I just posted a summary of MLOG's conference call on the MLOG thread. As you can imagine I am more surprized than anything else regarding the total lack of interest in MLOG's solid performance. Message 3013888 Look for contract award announcements in January and another great quarter in Feb. Regards, Chris

To: Mark[ox5] who wrote (9501)	12/21/1997 1:55:00 PM
From: Dave H	Respond to of 79382

BARR, Take alook at the chart going back to 1996 and you'll see BARR broke down from it's acceleration line started in april/may/june of 1996 this year in early september. That line will now serve as resistance and it's currently at about 15. The higher low BARR just created could be a possible new uptrend line. BARR has pulled away from this line pretty far (the line is now at about 9 1/2.) The best buy signal for BARR would be a breakout back into the original uptrend I mentioned above. If BARR regains that uptrend on STRONG volume, that would be a bullish sign. You could also wait for the other uptrend line to be retested. 10 1/2 looks like it might be a good support line, so a bounce off 10 1/2 with volume might be a good entry too. But I wouldn't buy BARR as it is sitting right in the middle of both lines. -dave