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

To: Doug R who wrote (10018)	1/4/1998 8:58:00 PM
From: Doug R	Read Replies (4) \| Respond to of 79180

I believe Dave H pointed out VPUR. It is indeed a valid MIMBO that broke out into a HTF formation. The flag is acceptably tight IMO. 2 breakout prices could be used. The most conservative is along the line from the alltime high across the most recent high. A more aggressive line is from the recent high across the high on 12/9/97. the flag could run for who knows how long but a break on volume would project a target of nearly 9. The 13, 8, 8 stochastics show a crossover at a higher level than the last as the stock dipped lower than where the last crossover occurred and the 5, 13, 34 dMA combo is in trigger mode so this one should go on daily watch. Doug R