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

To: coaster who wrote (9669)	12/27/1997 5:10:00 PM
From: Doug R	Respond to of 79296

Hi G, The short-term technicals on LEN have either completed or are about to complete a full pattern cycle so I have to say it would be best to wait until a new pattern is set up. I don't expect it to pull back very much as it bases a bit while the next pattern is formed. SPNSF is building some nice underlying strength and as such has little risk. There is nothing at typically bullish levels though. It appears that there is a triangulation reaching an apex the second week of Jan. A break to the upside on good volume would likely lead to a continuation of the move off the late July '97 MIMBO which has stumbled a bit on low volume. Doug R