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Technology Stocks : DESERT DIRT TA -- Ignore unavailable to you. Want to Upgrade?

To: Bob Markley who wrote (1180)	12/20/1997 5:15:00 PM
From: cloud break	Respond to of 1539

Hi All, Wow, i'm out of it for a few days and you guys (and gals) get a little rally going in IPM. Since IPM closed marginally higher than the lower channel band and filled the gap between 1.84 and 1.94, i would guess that this move isn't finished just yet. The next target would be the area of the gap at 2.56 to 2.69. Just above, at 2.75, is the 50 Day Moving Average. Should this area of resistance be taken out the upper channel band at 3.72 is the next target. This is also the bottom of the "death gap" that occured on 11/17 and, IMHO, would put the brakes on the current advance. Stochastics fastK has gone vertical and is at the 50% line, should it reach or exceed the 80% line i would be cautious. RSI and TSV have broken out. These are all very bullish indicators but the most telling is that BOP (Balance of Power) has turned to +50 area for the last three sessions after being seriously negative since the sell-off. This is showing strong accumulation, question is, accumulation by who? Have a Happy Holiday's All. Regards, danny