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To: Carolyn S. who wrote (340)	1/2/1998 2:58:00 PM
From: Dave H	Read Replies (1) \| Respond to of 1488

DRMD... Well, I'm just learning DeMark's TA methods right now, but I thought I'd try using DRMD as a test case for retracements. According to DeMark, I believe the critical price right now is from 9/26/97 where an intraday high of 7 was made and the stock closed at 6.25 Now, according to DeMark's retracements, using 3.03 as the low since then, retracement targets would be: 4.55 (met) 5.48 (met) 6.25 8.52 Today DRMD has reached an intraday high of 6 3/8, which is higher than the "magnet price" of 6 1/4...this means that DRMD will have to close higher (or maybe at...not sure on that one) than 6 1/4 in order to have a shot at the next level. If DRMD closes below 6 1/4 today, as I understand it, 6 1/4 should prove resistance for this run up. No idea on how far it would fall though...maybe to the 5.48 retracement level? dave