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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 (1339)	1/5/1998 10:37:00 PM
From: Dave H	Read Replies (1) \| Respond to of 2377

VCR... The gap up today was on pretty weak volume...not impressed with that. Some strong horizontal resistance at 2 1/2 & 2 9/16, then we get the downtrend at around 2 23/32; if VCR can take out that downtrend line on good volume, i'd say this one is finally going places. Basically this one is still a MIMBO that has been retesting. A good breakout here would be the breakout off of the retest and all systems would be go. the intermediate term stochastics have deteriorated a bit so i don't think this one will be taking off tomorrow; but it could very well be turning around over the next week or two. after a couple more days i'll be able to get a better feel for what's going on TA wise. -dave