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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (647)	12/21/1997 12:36:00 PM
From: Dave H	Respond to of 2377

I'll take a look at both -- I've got one more for you to look at if you can -- IASI. dave

To: Sergio H who wrote (647)	12/21/1997 1:07:00 PM
From: Dave H	Respond to of 2377

MLOG -- This one looks like it's still in the downtrend established since the high it made in october. It's been making a series of lower lows and lower highs since then. It's also forming what I see as a descending triangle coming to a head this week. Since the october high the two rallies were made on decreased volume, not a good sign. Its main uptrending support line that started end of '94 beginning of '95 was confirmed again in july this year, and I think there's a good chance for another retest of this line in the near future. Currently that line is at about 4 1/2. There is a shorter term acceleration line that starts from the two lows in july and was retested a few days ago at 5 3/4 -- the stock showed strong support off this line by gapping up the next day. if this line proves support for the stock this week, there's a good chance MLOG is turning things around. The local downtrending resistance line is at about 6 1/2. So, if MLOG breaks below 4 1/2 this week, I'd call it a sell. If MLOG breaks above 6 1/2 on strong volume, it could be a buy, but I'd like for it to start forming an uptrend before I'd really call it a buy. -dave

To: Sergio H who wrote (647)	12/21/1997 1:17:00 PM
From: Dave H	Read Replies (1) \| Respond to of 2377

UCOR -- UCOR made an all-time low on 12/11. the downtrend its been in since it began trading accelerated in october and there's no sign of slowing. Just looking at the chart, this one doesn't look good. One possible glimmer of hope -- the 13,8,8 stochastics just made higher low while price made a lower low. Doug R says this can lead to a strong reversal. It actually has made a higher high while price has not followed suit. This type of divergence is promising. Ok, three possibilites I see this week: that move over 7 on volume could take this one back to 9 very quickly, maybe even higher. Otherwise, look for a slowing of the downtrend with little change for the week. Otherwise, look for a complete breakdown and a lower low. Downside risk is pretty high though since there's no support now that 12/11 marked a new all time low. -dave

To: Sergio H who wrote (647)	12/21/1997 4:33:00 PM
From: ChrisJP	Read Replies (1) \| Respond to of 2377

Hi Sergio, Here is a number you can try to hear a tape of the conference call: 301-428-9100 Ask for investor relations. I'm not gonna disagree with Dave H.'s TA of MLOG, but FA need to be applied to give the TA some perspective. MLOG dwindled down to 3 7/8 2 months after they announced their 2nd consective earnings of .10. As soon as news leaked that they were going to announce better earnings in August, the stock jumped to the high 5's and then at low 6's for a few weeks where it has some support. So you're not going to see MLOG 4 1/2 unless the entire market corrects over 30%. According to the charts at www.iqc.com, MLOG is oversold, but turned the corner when it came off 5 3/4. The lack of volume is a bad momentum indicator, so perhaps MLOG is stuck in a 5 3/4 - 6 1/2 range (not unlike APCO's 6 5/8 - 7 1/4 range) until Jan contract announcements, Feb earnings announcement, and buying sentiment returns to small caps. Regards and Happy Holidays, Chris