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

To: Dave H who wrote (4414)	12/23/1997 11:03:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 4701

RECY... Solid Support At 6.25 Closing Basis Trendline... >>>I agree that for the long term RECY has what it takes. But I have to point out that in the short term RECY could be in for a significant drop. I know you disagree but I see RECY reaching as low as 4 1/2 - 5 1/2 before the possible correction is over.(that's my conservative estimate.)<<< *********************************************** Good analysis Dave: The Trendline at 6.25, on a closing basis, has resisted all dips during the current price decline... If that area is violated, on a closing basis, there is potential to revisit the 5.00 area... With year end tax selling almost over, and 4th Qtr Earnings release coming up fast, it is unlikely that we will revisit the 5.00 area... Jim

To: Dave H who wrote (4414)	12/23/1997 11:14:00 PM
From: freelyhovering	Read Replies (1) \| Respond to of 4701

Dave--Beautiful job on RECY. I agree. I have been expecting a drop for some time because of non-confirmation of TSV since its peak on 9-24. TSV illustrates the deterioration you describe quite graphically. Could you take a look at JBIL and make a prediction as to direction for the next two weeks? TIA, Myron

To: Dave H who wrote (4414)	12/24/1997 5:48:00 AM
From: Doug R	Read Replies (3) \| Respond to of 4701

Dave, You're a tiger. Merry Christmas to all and to all a good night. Doug R

To: Dave H who wrote (4414)	12/24/1997 2:17:00 PM
From: ivan solotaroff	Read Replies (1) \| Respond to of 4701

Dave, re: your trendline that shows support for RECY at 4 1/2; because of the low established by the post-correction day low, aren't there several other lines that can be drawn, using days in mid- to late-September: The ones I've drawn show support currently at 6 1/8 (or 3/32); 5 7/8; and 5ish. The line don't cross any lines accept the ACT, and, inasmuch as the ACT is representing a halcyon build-up period, I think it can be crossed without violation of what the inherent worth of the stock is, as priced by the market. Ivan